OConnell & Associates, a firm of architects, has three levels of professional staff: principals (managers), who manage

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O’Connell & Associates, a firm of architects, has three levels of professional staff: principals

(managers), who manage all aspects of the architectural job; senior architects, who are responsible for the main designs; and junior architects, who provide technical support. Budgeted costs for five architectural jobs done over a recent period are as follows:image text in transcribed

Required

1 Calculate the total direct labour price and efficiency variances for the five jobs.
2 Calculate the total direct labour mix and yield variances for the five jobs.
3 Comment on your results in requirements 1 and 2.
4 How might managers use information about the direct labour yield and mix variances?

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Related Book For  book-img-for-question

Management And Cost Accounting

ISBN: 9781292436029

8th Edition

Authors: Alnoor Bhimani, Srikant Datar, Charles Horngren, Madhav Rajan

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