which of the following is a possible cause of an unfavorable labor efficiency variance?
A. hiring substandard workers
B. making to many units
C. buying higher-quality material
D. paying too much for workers
Q: Which of the following statements might cause a labor efficiency variance? Statement 1 – Hiring of…
A: Labor efficiency variance is the difference between actual labor hours used to produce a product and…
Q: An unfavorable labor efficiency variance is created when: Please explain why I seen answers for both…
A: Labour efficiency variance measures how much efficient the labour is in managing its efficiency in…
Q: If variable manufacturing overhead is applied to production on the basis of direct labor-hours and…
A: Direct Labor Efficiency Variance is the measure of difference between the standard cost of actual…
Q: An unfavorable labor efficiency variance is created when: Please explain why I seen answers for both…
A: Formula to compute labour efficiency variance is as follows: Labour efficiency variance =(Standard…
Q: An unfavorable labor efficiency variance is created when: Please explain why I seen answers for both…
A: Variance in labour costs means difference in budgeted cost of labour with actual cost of labour.…
Q: 1. If demand is insufficient to keep everyone busy and workers are not laid off, which of the…
A: Hey, since there are multiple questions posted, we will answer first question. If you want any…
Q: Which of the following statements is incorrect with regards to production variances? Select…
A: Production variance refers to form of measure which is used to compute the cost of production of…
Q: If variable manufacturing overhead is applied to production on the basis of direct laborhours and…
A: If variable manufacturing overhead is applied to production on the basis of direct labor hours and…
Q: Which of the following would produce a materials price variance? Select one: a. An excess number…
A: Variance analysis is the one that shows the disparity between the actual costs incurred and the cost…
Q: Which of the following would produce a materials price variance? A. an excess quantity of materials…
A: Material price variance: It can be defined as the difference between the budgeted and actual cost of…
Q: If variable manufacturing overhead is applied to production on the basis of direct labor-hours…
A: Direct Labor Efficiency Variance: Direct labor efficiency variance is the difference between the…
Q: If variable manufacturing overhead is applied to production on the basis of direct labor-hours…
A: Direct Labor Efficiency Variance: Direct labor efficiency variance is the difference between the…
Q: An unfavorable fixed overhead volume variance can be due to all of the following except a.employee…
A: The correct answer is option b. increase in utility costs.
Q: Which of the following is a TRUE statement about the variable overhead efficiency variance when the…
A: Variable overhead efficiency variance Variable overhead variance refers to the distinguished…
Q: Although there are many reasons to this concern, one of the general reasons in gross profit variance…
A: A variance is generated when there is a difference between a budgeted value and the actual value…
Q: If there is an unfavorable direct material usage variance due to the substandard quality of the raw…
A: Solution: If there is an unfavorable direct material usage variance due to the substandard quality…
Q: Which of the following is NOT true? Multiple Choice An activity variances describes the…
A: Activity Variance The term which are used in the costing techniques which describes as difference…
Q: 11) Which of the following would produce a labor rate variance? Group of answer choices a) Poor…
A: Introduction:- It is the difference between actual costs for direct labor and budgeted costs.…
Q: Which of the following is true? Multiple Choice If a company has an unfavorable spending…
A: The variance is the difference between the actual data and standard output of the production.
Q: Examine the main reasons why manufacturing companies are more sensitive to material price variances,…
A: (a) The main reasons why manufacturing companies are more sensitive to material price variances, as…
Q: Describe three reasons for an unfavorable direct manufacturing labor efficiency variance.
A: Direct Labor Efficiency Variance: Direct labor efficiency variance is the variation in the actual…
Q: 23) Which of the following is possible cause of an unfavorable material price variance? a)Purchasing…
A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…
Q: Which of the following is the most probable reason a company would experience an unfavourable labour…
A: The given problem is taken from standard costing. In such type of costing we estimate a standard for…
Q: A favorable direct materials price variance and an unfavorable direct materials quantity variance…
A: Direct Material Price Variance = Actual Quantity Purchased x (Standard Price - Actual Price) If…
Q: Why can undue emphasis on labor efficiency variances lead to excess work in process inventories?
A: Click to see the answer
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: T, F. In order to avoid the transfer of inefficiencies of service departments to operating…
A: Standard Cost: It is the estimated cost of the manufacturing process or a product that is generally…
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: how the purchasing department manager may achieve a favourable direct material pricing variance…
A: Variance analysis: Variance analysis can be defined as the study of difference between the budgeted…
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: In gross profit analysis, a favorable cost of sales variance that includes an unfavorable cost…
A: A favorable variance happens when the cost to produce is less than the budgeted cost. It means a…
Q: An unfavorable labor rate variance is created when: Multiple Choice actual labor hours worked exceed…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: Question 3 An unfavorable efficiency variance for direct manufacturing labor might indicate that…
A: Variances are calculated in order to compare the budgeted performance with the actual results of the…
Q: Which of the following would explain an unfavorable variable overhead efficiency variance? (1)…
A: Unfavorable Variable overhead efficiency variance refers to a situation when Actual labor hour>…
Q: Standard Costing and Variance Analysis Standard cost systems set budgets for the materials, labor,…
A: Standard costing is a costing strategy for establishing performance standards that allow firms to…
Q: A firm follows labour hours to allocate fixed overhead. A positive volume variance occurs a. When…
A: The correct option is d. When actual labour hours is more than budgeted labour hours
Q: Which of the following is not a benefit of a static budget performance report? O A. It is useful in…
A: A static budget report is used to find sales and variable costs over a period of time and analyze…
Q: Which of the following statements is false? * The quantity factor refers to the change in the number…
A: The difference between the actual cost or price and the budgeted (standard) cost or price is…
Q: The fixed factory overhead variance is caused by the difference between which of the following?…
A: Standard costing is a method of costing which measure the performance by comparing actual cost with…
Q: The difference between actual factory overhead and budgeted factory overhead on the basis of actual…
A: The difference between the actual expenses and the budgeted expenses for the specific units is…
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