An unfavorable factory overhead controllable variance may be due to which of the following factors? a. unexpected increases in the cost of utilities b. failure to maintain an even flow of work c. machine breakdowns d. failure to obtain enough sales

An unfavorable factory overhead controllable variance may be due to which of the following factors? a. unexpected increases in the cost of utilities b. failure to maintain an even flow of work c. machine breakdowns d. failure to obtain enough sales

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 15MC: What are some possible reasons for a direct labor time variance? A. utility usage decrease B. less...

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An unfavorable factory overhead controllable variance may be due to which of the following factors? a. unexpected increases in the cost of utilities b. failure to maintain an even flow of work c. machine breakdowns d. failure to obtain enough sales
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Which of the following is a possible cause of an unfavorable labor rate variance? A. hiring too many workers B. hiring higher-quality workers at a higher wage C. making too many units D. purchasing too much material
Why does a company use a standard costing system? A. to identify variances from actual cost that assist them in maintaining profits B. to identify nonperformers in the workplace C. to identify what vendors are unreliable D. to identify defective materials
What are some possible reasons for a labor rate variance? A. hiring of less qualified workers B. an excess of material usage C. material price increase D. utilities usage change
Which of the following is the most likely explanation for an unfavorable materials usage variance and a favorable labor wage variance? a. The new labor contract increased wages. b. Higher quality materials were purchased, resulting in less waste. c. The company experience labor turnover and newer, less experienced workers were hired. d. A new supplier offered a lower price for materials.
Which of the following is a possible cause of an unfavorable material quantity variance? A. purchasing substandard material B. hiring higher-quality workers C. paying more than should have for workers D. purchasing too much material
Which of the following is a possible cause of an unfavorable labor efficiency variance? A. hiring substandard workers B. making too many Units C. buying higher-quality material D. paying too much for workers
An unfavorable fixed overhead volume variance can be due to all of the following except a.employee inexperience b.an increase in utility costs c.machine breakdowns d.sales orders at a low level
The unfavorable volume variance may be due to all but which of the following factors? * Machine breakdown. Failure to obtain enough sales orders. Failure to maintain an even flow of work. Unexpected increases in the cost of utilities.
Which of the following would produce a labor rate variance? A. Poor quality materials causing breakage and work interruptions.B. Use of persons with high hourly wage rates in tasks that call for low hourly wage rates.C. Excessive number of hours worked in completing a job.D. An unfavorable variable overhead spending variance.
Which of the following statements might cause a labor rate variance? Group of choices: Hiring of inexperienced workers Lack of supervision Faulty equipment Poor scheduling of work
Which one of the following would not explain an adverse direct labor efficiency variance? A. Poor scheduling of direct labor hours. B. Unusually lengthy machine breakdowns. C. Setting standard efficiency at a level that is too low. D. A reduction in direct labor training.
What are some possible reasons for a labor rate variance? A.Hiring of less qualified workers B.An excess of material usage C.Material price increase D.Utilities usage change