Labour efficiency variance Fixed overhead price variance  Fixed overhead efficiency variance

iv)  Labour rate variance v)  Labour efficiency variance vi)  Overhead variances (both) d.Comment on your calculations produced in c above.

How do you find the standard quantity for efficiency variance?

direct materials mix variance for this problem

The following direct materials and direct labor data pertain to the operations of Sandhill Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $13 $120 $12.50 $124 Quantities per hour per ton per hour per ton Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 4,900 hours 2,000 tons 4,960 hours 1,990 tons

a. Direct materials price variance Unfavorable b. Direct materials quantity variance Favorable c. Direct materials cost variance Unfavorable

The variable overhead efficiency variance is computed and interpreted. a) the same as; the same as b) the same as; differently than c) differently than; the same as d) differently than; differently than the direct-cost efficiency variance.

what are the possible causes of favourable material price variance

what are the possible causes of adverse Wage rate variance

What is an example of a company and product that uses variance analysis to help contain cost?