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
A charged cork ball of mass m is suspended on a light string in the presence of a uniform electric field as shown in Figure P23.55. When E = (Ai + Bj) N/C, where A and B are positive numbers, the...
What are some of the principles used to categorize relatives in different systems of kinship terminology?
Espana Co. makes one main product, Uno, and a by-product, Dos, which splits off from the main product when the work is three-fourths completed. Dos is sold without further processing and without...
Discuss the three main challenges you will need to consider and explain how they should be applied in design thinking and considering a viable International Business Idea.
Bruin, Inc., has identified the following two mutually exclusive projects: a. What is the IRR for each of these projects? Using the IRR decision rule, which project should the company accept? Is this...
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...
A Monte Carla simulation program requires the user to first build an Excel spreadsheet model that captures the input variables for the proposed project. What issues and what benefits can the user...
A legal and ethical obligation placed upon a director to administer to the affairs of the corporation with personal integrity, honesty, and candor. a. articles of incorporation b. corporation c. duty...
A relatively new organizational form available in most states that provides all of the owners with limited liability. a. articles of incorporation b. corporation c. duty of care d. duty of loyalty e....
An activity in which individuals become partners for only a short period of time, or for only a single project. a. articles of incorporation b. corporation c. duty of care d. duty of loyalty e....
Grunewald Industries sells on terms of 2/10, net 40. Gross sales last year were $4,562,500 and accounts receivable averaged $437,500. Half of Grunewalds customers paid on the 10th day and took...
A legal and ethical obligation placed upon a director to act diligently and prudently in conducting the affairs of the corporation. a. articles of incorporation b. corporation c. duty of care d. duty...
Suppose a 6-ft person wishes to determine the height of a footbridgeconnecting two buildings, as shown in Figure 7.52. Figure 7. 52 To do this, this person stands at one end of the bridge (point S)...
For Problem estimate the change in y for the given change in x. y = f(x), f'(12) = 30, x increases from 12 to 12.2
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?
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the Year Ended December 3 1 , 2 0 2 4 Net sales $ 3 , 0 2 6 , 0...
Anderson, Incorporated, has several pieces of highly specialized equipment. Management has determined that one piece of high - tech equipment needs to be replaced, even though it is still in good...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company...

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