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given my answers in Req 1 and the data table, please help with Req 2's drop down box answers Requirement 1. Calculate the materials efficiency
given my answers in Req 1 and the data table, please help with Req 2's drop down box answers
Requirement 1. Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of May. In order to calculate the variances complete the following table. (Round your final answer to the nearest whole number. Abbreviation used: qty = quantity.) Now compute the variances. (Enter the amount of the variance, then select whether it is favorable or unfavorable.) The materials efficiency variance is The materials price variance is The labor efficiency variance is The labor price variance is Data table The chocolatier manufactures truffles in 12-piece boxes. The production is labor intensive, and the delicate nature of the chocolate requires a high degree of skill. he materials price and efficiency variances could be an indication that the company purchased expensive ingredients of quality, which resulted in than the standard number of rejected units. The labor price varian uggests that experienced workers may have worked more, resuting in a work pace and a than normal amount of rejects or waste. he company should determine the cause of the rejects. The cause could be Perhaps will help. If rejects are not the problem, mployees may be [ faulty materials. faulty materials, underskilled workers, or a combination of both. underskilled workers. will help. If rejects are not the problem, The materials price and efficiency variances could be an indication that the company purchased expensive ingredients of quality, which resulted in than the standard number of rejected units. The labor price variance suggests that experienced workers may have worked more, resuting in a work pace and a than normal amount of rejects or waste. The company should determine the cause of the rejects. The cause could be 7 Perhaps will help. If rejects are not the problem, employees may be needed to properly maintain the equipment. needed to properly schedule the work more efficiently. needed to renegotiate the terms for materials purchases. wasting both time and materialsStep by Step Solution
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