An unfavorable labor efficiency variance can result from O an increase in workers' hourly rates O high priced materials O the payment of overtime premiums O worker skill level
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- What are some possible reasons for a labor rate variance? A. hiring of less qualified workers B. an excess of material usage C. material price increase D. utilities usage changeWhat are some possible reasons for a direct labor time variance? A. utility usage decrease B. less qualified workers C. office supplies spending D. sales declineWhich of the following is a possible cause of an unfavorable labor efficiency variance? A. hiring substandard workers B. making too many Units C. buying higher-quality material D. paying too much for workers
- Which of the following would produce a labor rate variance? Multiple Choice Use of persons with high hourly wage rates in tasks that call for low hourly wage rates. An unfavorable variable overhead rate variance. Excessive number of hours worked in completing a job Poor quality material causing breakage and work interruptions.Identity several causes of an unfavorable labor rate variance.What are some reasons for a material quantity variance? A. building rental charges increase B. labor rate decreases C. more qualified workers D. labor efficiency increases
- Why does a company use a standard costing system? A. to identify variances from actual cost that assist them in maintaining profits B. to identify nonperformers in the workplace C. to identify what vendors are unreliable D. to identify defective materialsAn adverse labour efficiency variance together with a favourable labour rate variance could suggest that? a) The business is paying a higher hourly rate than standardb) More products are being made per hourc) Less labour hours are needed to make the same amount of output d) Less skilled staff are being used in productionAn example of labor-related costs is: bonus pay factory labor fringe benefits operating expense
- Which of the following is a possible cause of an unfavorable material quantity variance? A. purchasing substandard material B. hiring higher-quality workers C. paying more than should have for workers D. purchasing too much materialThe adjustment of overapplied manufacturing overhead cost results in: a. none of the given answers O b. decrease in net operating income. c. decrease in cost of goods sold O d. increase in cost of goods soldQuestion 3 An unfavorable efficiency variance for direct manufacturing labor might indicate that, there is unexpected increase in direct labor rates work is scheduled inefficiently lower-quality materials were purchased more higher-skilled workers were scheduled than planned
