Explain some of the possible causes of direct labor rate (price) and direct labor efficiency (quantity) variances.

Question:

Explain some of the possible causes of direct labor rate (price) and direct labor efficiency (quantity) variances.
Who normally has responsibility for or influence over these variances?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost management a strategic approach

ISBN: 978-0073526942

5th edition

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

See More Books

Question Posted: Apr 18, 2013 05:40 AM

See More Questions

Explain some of the factors to be considered in selecting a forecasting model.
Explain some of the differences between a public debt offering and a private debt offering.
Explain some of the reasons marketers are shifting their budget allocations from traditional to digital and social media. What are some of the advantages and disadvantages with this reallocation?
What is the present value of $9,000 received: a. Twenty eight years from today when the interest rate is 10% per year? b. Fourteen years from today when the interest rate is 10% per year? c. Seven...
Would you expect the substituent? to more closely resemble in its effect on rate and regioselectivity in electrophilic aromatic substitution? Why? N(CH N(CH3)2 or NO2
Shimbungu construction Ltd limited traditionally designs and manufacturers lightweight aircraft. Orders for these aircraft have decreased over the past two years; so to enable the company to survive,...
Would another type of reinforcement have been more effective at motivating you to the desired results? Why?(p. 93)
Enumclaw Brick, Inc., manufactures bricks using clay deposits on the companys property. Raw clays are blended and then extruded into molds to form unfired bricks. The unfired bricks are then stacked...
i know the answer is 0 solutions - but why? Q5. How many solutions does the IRR with IRR 0 have for a project with the following cash flows
Softball Corp. has proposed an expansion of its current business within the scope of the company's current product lines. It funds itself 40% through debt, 45% through common stock and 15% through...
Explain the possible causes for direct materials price and direct materials usage variances. Who in the organization normally has influence over or responsibility for these variances?
This chapter deals with control systems associated with business processes, such as operating processes. Provide a definition and some examples of operating processes. In what other processes would...
State the null and alternative hypotheses $\left(\mathrm{H}_{0} ight.$ and $\left.\mathrm{H}_{1} ight)$ for each of the following research questions: a. Are the average starting salaries for...
What is brand awareness for Jam & Daisies ? their leaning advantage, consideration advantage, choice advantages? 5. what is the recommendation of brand awareness? 6. What is Brand recognition? 7....
On August 1st, Custom Car Co's work in process inventory was $24900; its raw materials inventory was $6000; manufacturing overhead had a $1800 debit balance. Work in Process Subsidiary Data 8/1:...
Case: Castoro & Partners, CPAs is auditing Cloud 9 for the FY2023. Cloud 9 is a small public company and has been an audit client of Castoro & Partners since 2018. Materiality Methodology: Overall...
1)Solve the following differential equations by Undetermined Coefficient Method. dy dx dy - 4- 4+ 4y = 16x2e2x dx
Every year Monty Industries manufactures 8,600 units of part 231 for use in its production cycle. The per unit costs of part 231 are as follows: Direct materials Direct labor Variable manufacturing...
Cross-sectional Analysis} Cross-sectional analysis entails comparing a company to its competitors. \section*{Required:} Indicate one of the biggest weaknesses of using cross-sectional analysis when...
Evaluate the function at the given value(s) of the independent variable. Simplify the results. (x) = cos 2x (a) (0) (b) (- /4) (c) (/3) (d) ()
What are the four components of planned expenditure, and why did Keynesian analysis emphasize this concept?
How do policies aid strategy implementation? Illustrate your answer.
Illustrate a policy, an objective, and a functional tactic in your personal career strategy.
Why are short-term objectives needed when long-term objectives are already available?
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?
NEED THIS EXCEL TABLE ASAP PLEASE!!!! Presupuesto Operacional y C lculo del COGS Ventas Proyectadas: Ventas Proyectadas: $ 4 5 0 , 0 0 0 Precio por unidad: $ 4 5 0 Unidades vendidas: 4 5 0 , 0 0 0 4...
The wash sale rules apply to disallow a loss on a sale of securities_______? Only when the taxpayer acquires substantially identical securities within 30 days before the sale Only when the taxpayer...

Explain some of the possible causes of direct labor rate (price) and direct labor efficiency (quantity) variances.

Question:

Step by Step Answer:

Direct labor rate price variances could be caused by highly skilled and paid labor used in place of lowerskilled labor standard is out of date eg new ...View the full answer

Cost management a strategic approach

Students also viewed these Management Leadership questions