Belle Manufacturing has an unfavorable direct labor rate variance. Which of the following would be the most likely reason for this variance? * The company used lower-paid workers than they had expected. Employees took a longer amount of time to produce the product than expected. The company gave employees an unexpected raise due to union negotiations. Employees used more

Why is the identification of favorable and unfavorable variances so important to a company? How can the identification of the variances help management control costs? Please explain.   Considering the flexible budgeting topic,  it is important to look at this analysis as a significant contribution to the management of the company.  Knowing what the bottom line profit or loss is important.  But what is more important is to understand how your actual results varied in terms of units sold versus how the actual cost of each unit differed from the budget.     What is a good example of this?

● W S Required Information [The following information applies to the questions displayed below.] The Platter Valley factory of Bybee Industries manufactures field boots. The cost of each boot includes direct materials, direct labor, and manufacturing (factory) overhead. The firm traces all direct costs to products, and it assigns overhead cost to products based on direct labor hours. Required: 1. Compute the factory overhead flexible-budget variance, the factory overhead spending variance, and the efficiency variance for variable factory overhead for March and state whether each variance is favorable (F) or unfavorable (U). 2. Provide the appropriate journal entry to record the variable overhead spending variance and a second entry to record the variable overhead efficiency variance for March. Assume that the company uses a single account, Factory Overhead, to record overhead costs. The company budgeted $11,925 variable factory overhead cost, $96,750 for fixed factory overhead cost and…

Hello, my follow up question is as follows: Is the $90 for the fixed factory overhead volume variance favorable or unfavorable?

ty Variance OF Master Budget (19,200 units) 57,600

A business is reporting on materials cost variances for the month.  The report indicates a large favorable materials price variance and a large unfavorable materials quantity variance.  Discuss reasons (or provide explanations) that might have caused these off-setting variances.