Poorly trained workers could have an unfavorable effect on which of the following variances? Materials Labor Rate Quantity Variance Variance A) B) C) D) Yes Yes Yes No No Yes No No Multiple Choice Choice A Choice D Choice B 身

Poorly trained workers could have an unfavorable effect on which of the following variances? Materials Labor Rate Quantity Variance Variance A) B) C) D) Yes Yes Yes No No Yes No No Multiple Choice Choice A Choice D Choice B 身

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Description: Poorly trained workers could have an unfavorable effect on which of the following variances?MaterialsLabor RateQuantityVarianceVarianceA)В)YesYesYesNoNoYesD)NoNoMultiple ChoiceChoice AChoice DChoice B

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 4MC: This variance is the difference involving spending more or using more than the standard amount. A....

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1. When the total direct labor cost variance is unfavorable, the direct labor rate variance will (must) also be unfavorable. A. True B. False 2. Favorable variances are not analyzed for possible cause. A. True B. False
Which of the following items would be useful to management in deciding whether to investigate the cause of a reported standard cost variance? O Cost-volume-profit analysis. O Simultaneous equations. O Linear regression analysis. O Iso-profit lines. Indifference probability.
This variance is the difference involving spending less, or using less than the standard amount. A. favorable variance B. unfavorable variance C. no variance D. variance
This variance is the difference involving spending more or using more than the standard amount. A. favorable variance B. unfavorable variance C. no variance D. variance
What causes an unfavorable variance?
What makes a variance favorable? Give an example of a favorable variance involving materials. What makes a variance unfavorable? Give an example of an unfavorable variance involving labor.
When might an unfavorable variance be a good outcome?
What are some possible reasons for a material price variance? A. substandard material B. labor rate increases C. labor rate decreases D. labor efficiency
During the control function, the measurements taken of the performance must be accurate enough to see _______________________________. only positive results deviations and variances the primary focus only the negative results
unfavorable variances result from increased costs true false
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Direct Materials Direct Labor Standard Quantity 8 pounds 0.25 hour Standard Price $ 3.40 per pound $ 11.20 per hour Standard Cost $ 27.20 2.80 $ 30.00 During November, TaskMaster purchased 168,000 pounds of direct materials at a total cost of $588,000. The total factory wages for November were $58,000, 90% of which were for direct labor. TaskMaster manufactured 19,800 units of product during November using 148,500 pounds of direct materials and 5,160 direct labor-hours. Is the direct labor rate variance favorable or unfavorable?
Material price variances are often isolated at the time materials are purchased, rather than when they are placed into production, to facilitate earlier recognition of variances. Select one: True False