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Idesperation move to make up for some of the time lost, the manufacturing s upervis brought in more-senior employces from another part of the plant.

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Idesperation move to make up for some of the time lost, the manufacturing s upervis brought in more-senior employces from another part of the plant. Which of the following variances would have a high probability of arising from this situation A) Labor efficiency variance, unfavorable B) Labor rate variance, unfavorable. C) Material price variance, favorable. D) Material quantity variance, unfavorable. E) All of the answers are correct 9) Which of the following variances are most similar with respect to the manner in which 9) they are calculated? A) Material price variance and labor efficiency variance. B) Material price variance and material quantity variance C) Material price variance, material quantity variance, and total material variance D) Labor rate variance and labor efficiency variance E) Material price variance and labor rate variance. 10) Which of the following variances cannot occur together during the same accounting 10) period? A) Unfavorable labor rate variance and favorable labor efficiency variance. B) Favorable labor rate variance and unfavorable total labor variance C) Favorable labor efficiency variance and favorable material quantity variance. D) Unfavorable labor efficiency variance and favorable material quantity variance. E) None of the other answers are correct, because all of these variance combinations are possible. 11) A favorable labor efficiency variance is created when: A) actual hours worked are less than standard hours allowed. B) actual units produced exceed standard hours allowed. C) actual labor hours worked exceed standard hours allowed. D) actual units produced exceed budgeted production levels. E) actual wages paid are less than amounts that should have been paid

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