Question A7 Which of the following could not be the explanation for a FAVOURABLE labour efficiency variance in isolation A A higher grade of staff was used than originally planned B A new more efficient machine was purchased increasing the hourly output of units C A training course introduced a new more efficient process that staff could incorporate in production D A decrease in the selling price led to an increase in demand for the product

Q: Which of the following is not an advantage of standard costing? It enables managers to manage by…

A: The question is related to Standard Costing.

Q: Which of the following could not be the explanation for a FAVOURABLE labour efficiency variance in…

A: Labor efficiency can be measured directly through unit produced per hour.

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A: Direct material usage (efficiency) variance: It is a measure that determines the variation in…

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A: Gross Profit is the profit which is obtained by deducting the purchases and factory expenses from…

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A: The term outlier means the cost or the production or activity level which is beyond the expected…

Q: Which of the following may not be the reason for a change in gross profit to occur? * G O Change of…

A: Gross profit is the amount of sales revenue which is over and above cost of goods sold. Cost of…

Q: There is a significant decrease in unit sales. Which of the following would be the LEAST likely…

A: As per the guidelines, only one question is allowed to be solved. Please upload different questions…

Q: The suitable cost unit for electricity is Kilowatt Hours Cost centers are a quantitative unit of…

A: Electricity is measured in terms of kilowatt hours for costing purposes.

Q: Which of the following would most likely decrease the product cost per unit under variable costing?…

A: Under variable costing, product cost per unit will comprise of direct material cost , direct labour…

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A: To earn a profit is the main goal of every business.

Q: Which of the following is not a characteristic of a lean accounting system? Multiple Cholce Costs in…

A: lean accounting is the collection of principal and the process that provides the numerical feedback…

Q: 2) Demand for refinements to the costing system has accelerated due to A) increase in direct costs…

A: Option D) competition in product markets

Q: Do you agree with the following statements? Check only those with which you agree. Check All That…

A: Variable Costing refers to those costs which are directly related to the production and changes with…

Q: When performing sensitivity analysis, which of the following is an example of a variable that…

A: Sensitivity analysis:   Sensitivity analysis is a mathematical method to analyze how values of the…

Q: Highlight F Strikethrough A company sells two products and has calculated the following information…

A: Variance is the deviation which is computed after comparing actual results and standard set for the…

Q: 24. If a firm uses variable costing, a. its product costs include variable selling and…

A: 24) If a firm uses variable costing, profits fluctuate with sales. Only applying variable costs to…

Q: Accounting Q30 Conflict between the planning and controlling phases can result in the creation of…

A: In every organization , there are five main phases while doing any task : Panning, Organizing,…

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A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…