What effect, if any, would you expect poor-quality materials to have on direct labor variances? Show
 Q: What effect, if any, would you expect poor-quality materials to have on direct labor variances? A: Definition: Direct labor variance mainly arises due to the differences in the actual and budgeted… Q: What effect, if any, would you expect poor-quality materials to hare on direct labor variances? A: Direct labor variance arises due to the differences in the actual and budgeted rates of wage or… Q: What effect, if any, would you expect purchasing poor-quality materials to have on direct labour… A: Direct labor variance arises due to the differences in the actual and budgeted rates of wage or… Q: If the total materials variance for a given operation is favorable, why must this variance be… A: Favorable variance means the variance has a positive impact on the budgeted profitability of the… Q: If the materials price variance is favorable but the materials quantity variance is unfavorable,… A: Click to see the answer Q: If the materials price variance is favorable but the materials quantity variance is unfavorable,what… A: Click to see the answer Q: If the materials price variance is favorable but the materials quantity variance is unfavorable,… A: Click to see the answer Q: Would a production manager be equally responsible for anunfavorable materials price variance and an… A: Click to see the answer Q: Why can undue emphasis on labor efficiency variances lead to excess inventories? A: Labour Efficiency variation tests the willingness to use resources in line with standards. This… Q: What makes a variance favorable? Give an example of a favorable variance involving materials. What… A: Variance is the difference in the value of budgeted cost\quantity and the actual cost\quantity. When… Q: Who is generally responsible for the materials price variance? The materials quantity variance? The… A: Material price variance is the tool that shows variance in material cost due to difference in… Q: Who is generally responsible for the materials price variance? The materials quantity variance?The… A: Material Price Variance is the difference between the standard price and the actual price for the… Q: Who is generally responsible for the materials price variance? The materials quantity variance? The… A: Material Price Variance is the difference between the standard price and the actual price for the… Q: What is a materials quantity variance? Describe this in your own words. Writing a formula is not a… A: Material quantity variance is the difference between the actual cost of material used and the… Q: What is a materials quantity variance? Describe this in your own words. Writing a formula is not a… A: Material cost variance arises when there is difference in standard cost of materials and actual cost… Q: What distinction must be made when computing the materials price variance vs. the materials quantity… A: The answer for the theory question on material price and quantity variances is discussed hereunder :… Q: Which of the following variances is least likely to be controlled by manager? Volume variance… A: solution concept Volume variance Volume variance ,means variance that occurs due to the… Q: total materials price variance and whether it is favorable or unfavorable A: Computation of material price variance, material usage variance, labour rate variance, labour… Q: What is a materials price variance? Describe this in your own words. Writing a formula is not a… A: The material price variance is the difference between the actual cost of material and the standard… Q: Why can undue emphasis on labor efficiency variances lead to excess work in process inventories? A: Labour efficiency variance is a tool which shows the variance in labour cost due to difference in… Q: Why can undue emphasis on labor efficiency variances lead to excess work in process inventories? A: Labor efficiency variance is the difference between the standard direct labor hours allowed and… Q: Why can undue emphasis on labor efficiency variances lead to excess work in process inventories? A: Click to see the answer Q: What is the materials price variance? A: Click to see the answer Q: What is the variable manufacturing overhead rate variance? A: Variable Manufacturing Rate Variance = php300 (Favourable) Refer step 2 for explanation Q: Describe the difference between a direct materials efficiency variance and a variable manufacturing… A: Variable Cost:The cost which fluctuates on the basis of the output level produced. The variable cost… Q: How is the fixed overhead volume variance different from the other variances? A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost.… Q: Write in detail the possible causes of each of the following variance. Direct materials price and… A: Variances: A cost variance is a difference between the actual expenses incurred and the standard… Q: Which of the following variances is least likely to be controlled by manager? Volume variance… A: Solution Concept Volume variance : This variance occurs when there is difference between quantity… Q: What department is usually responsible for a direct labor rate variance? What department is usually… A: Variances are calculated in order to compare the budgeted performance with the actual performance of… Q: What department is usually responsible for a direct labor rate variance? What department is usually… A: Click to see the answer Q: favorable labor rate variance indicates that A: The appropriate answer shall be shown below Q: Compute the materials and labor variances associated with the changeover activity, labeling each… A: Material Variance: Price variance: Price variance = [ (Actual cost) - (Actual Quantity x Standard… Q: How do I figure out the variable overhead rate variance? A: Overhead variances: overhead variances is the difference between the actual overhead and the… Q: Explain what is meant by the term management by exception. What is the relationship between the… A: Management by exception: Under this style of management, employees are allowed to take decisions… Q: Why Fixed Overhead Volume Variance is said to be a favorable variance when the actual output is more… A: Fixed overhead volume variance is the difference between Applied fixed overhead and Budgeted Fixed… Q: what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter… A: Direct material variances: The difference between the actual material cost per unit and the… Q: Calculate the material quantity variance and the engineering change order (ECO) material variance. A: Material quantity variance is a category of variance that compares actual quantity and standard… Q: Required : Compute the price and efficiency variances of direct materials and direct manufacturing… A: Variance Analysis: Variance analysis is the quantitative investigation of the difference between… Q: cost volume variance? A: Cost Volume Variance: (Budgeted units - Actual units produced) × Budgeted price per unit Q: Among the given options, determine labor yield variance. A: Formula: Labor Yield Variance= (Standard Mix for actual output- Actual mix for actual… Q: A company using direct costing in its performance evaluation would normally include the following… A: Direct costing includes direct material, Direct labour and Direct overhead. A company using direct… Q: Draw a graph showing budgeted and applied fixed overhead, and show an unfavorable (or positive)… A: Click to see the answer Q: Which manager would be most responsible for a variance in variable overhead efficiency? a.… A: Standard cost means the cost which the company is expecting to be incurred on the basis of estimate… Q: Which of the following variances are most similar with respect to the manner in which they are… A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below. Recommended textbooks for you Principles of Accounting Volume 2 ISBN:9781947172609 Author:OpenStax Publisher:OpenStax College Survey of Accounting (Accounting I) ISBN:9781305961883 Author:Carl Warren Publisher:Cengage Learning Cornerstones of Cost Management (Cornerstones Ser... ISBN:9781305970663 Author:Don R. Hansen, Maryanne M. Mowen Publisher:Cengage Learning Principles of Cost Accounting ISBN:9781305087408 Author:Edward J. Vanderbeck, Maria R. Mitchell Publisher:Cengage Learning Managerial Accounting: The Cornerstone of Busines... ISBN:9781337115773 Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger Publisher:Cengage Learning Managerial Accounting ISBN:9781337912020 Author:Carl Warren, Ph.d. Cma William B. Tayler Publisher:South-Western College Pub Principles of Accounting Volume 2 ISBN:9781947172609 Author:OpenStax Publisher:OpenStax College Survey of Accounting (Accounting I) ISBN:9781305961883 Author:Carl Warren Publisher:Cengage Learning Cornerstones of Cost Management (Cornerstones Ser... ISBN:9781305970663 Author:Don R. Hansen, Maryanne M. Mowen Publisher:Cengage Learning Principles of Cost Accounting ISBN:9781305087408 Author:Edward J. Vanderbeck, Maria R. Mitchell Publisher:Cengage Learning Managerial Accounting: The Cornerstone of Busines... ISBN:9781337115773 Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger Publisher:Cengage Learning Managerial Accounting ISBN:9781337912020 Author:Carl Warren, Ph.d. Cma William B. Tayler Publisher:South-Western College Pub What effect if any do you think poor quality materials might have on the labor variances?8-8 Poor quality materials can unfavorably affect the labor efficiency variance. If the materials are unsuitable for production, the result could be an excessive use of labor time and therefore an unfavorable labor efficiency variance. Poor quality materials would not ordinarily affect the labor rate variance.
What are some possible causes of an unfavorable direct labor efficiency variance?Causes of unfavorable direct labor efficiency variance:. Inexperienced workers.. Poorly motivated workers.. Old or faulty equipment.. Purchase of low quality or unsuitable direct materials.. Poor supervision.. Insufficient demand for company's product.. Frequent breakdowns.. Shortage of raw materials.. What causes unfavorable materials quantity variance?An unfavorable variance can occur due to changing economic conditions, such as lower economic growth, lower consumer spending, or a recession, which leads to higher unemployment. Market conditions can also change, such as new competitors entering the market with new products and services.
Who is responsible if the materials price variance is unfavorable but the materials quantity variance is favorable and what might this indicate?The materials price variance is usually the responsibility of the purchasing manager. The materials quantity and labor efficiency variances are usually the responsibility of production managers and supervisors. The materials price variance van be computed at what two different points in time?
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2. what effect, if any, would you expect poor quality materials to have on direct labor variances?
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