Artículos de Bookkeeping

Price Variance: How to Calculate and Interpret It

A briskly selling product line, on the other hand, could induce the manager to increase its selling price, manufacture more of it, or both. In this case, the price variance is unfavorable because you’re paying more for wood than you initially budgeted. However, due to...

Dollar-value LIFO method explanation and example

Under this method, goods are combined into pools and all increases and decreases in a pool are measured in terms of total dollar value. The pools created under this method are, therefore, known as dollar-value LIFO pools. This article covers chart of accounts:...

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