What are some possible causes of a direct labor rate variance?
Question:
What are some possible causes of a direct labor rate variance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
A direct labor rate variance occurs when the actual labor rate paid to workers differs from the standard labor rate that was expected for the producti...View the full answer
Answered By
User l_917591
As a Business Management graduate from Moi University, I had the opportunity to work as a tutor for undergraduate students in the same field. This experience allowed me to apply the theoretical knowledge I had gained in a practical setting, while also honing my teaching and communication skills.
As a tutor, I was responsible for conducting tutorial sessions, grading assignments and exams, and providing feedback and support to my students. I also assisted with the preparation of course materials and collaborated with other tutors and professors to ensure consistency in teaching and assessment.
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
Question Posted:
Students also viewed these Business questions
-
What are some possible causes of a direct labor time variance?
-
What are some possible causes for an unfavorable direct labor efficiency variance?
-
Rog Corporation makes a product with the following standard costs: Standard input/ output ratio Standard Price per Unit of Input Direct materials 7 grams$6.00 per grab direct labor 2 hours$16.00 per...
-
Should courts ever enforce illegal contracts? If illegal contracts are void as a matter of law, what is the court enforcing? If courts will use equity powers or other roundabout ways to enforce...
-
Boice Corporation and Hopkins Corporation have both earned $120,000 before bond interest and taxes. The companies have the same number of outstanding shares but different capital structures....
-
Refer to problem 26. 1. Using Excel, develop a linear regression model for predicting maintenance cost as a function of age of the trucks. Forecast maintenance cost if the age of the truck is 7...
-
The payroll disbursements were for two persons named Ciotty and Ciotti with the same first name and address. The interesting observation is that Ciotty is dated February 28, 2019, or after while...
-
Multiple Choice. Choose the best answer. 1. Under GASB standards, public colleges and universities engaged only in business-type activities present all of the following statements in their...
-
India's trade deficit has risen by almost 88% in financial year 2022. While total exports increased, imports too soared to a great extent. Analyze the impact of this trade deficit on the balance of...
-
Acme Inc. has the following information available: A. Compute the material price and quantity, and the labor rate and efficiency variances. B. Describe the possible causes for this combination of...
-
When is the material quantity unfavorable? A. When the actual quantity used is greater than the standard quantity B. When the actual quantity used is less than the standard quantity C. When the...
-
An object moves along the parabola y = x2 with constant speed of 4. Express a at the point (x, x2) in terms of T and N.
-
For each of the business transactions listed below, you are to enter in the Workbook: a the account name, with debit account first b if the account entry is a debit or credit c the chart of account...
-
G Rettkowicz commenced business from 1 August 2022 with bank $9000, inventory $2000, motor vehicle $8000, computer $2800; process this data through the general journal and post to the general ledger....
-
Briefly explain how a business verifies that its EFTPOS and credit card sales have been correctly credited by the bank to the business bank account.
-
On 1 February 2022, the bank account in the general ledger of M Hope was $600 debit. During the month there were receipts of $850 and payments of $1300. M Hope received the bank statement for the...
-
R Dartmouth received the bank statement for November 2022, which had a credit balance of $90. The general ledger bank account balance at 1 November 2022 was $50 debit. Receipts for the month totalled...
-
Indicate whether each of the following statements is true or false: a. The cash basis of accounting recognizes revenues when they are received. b. In the cash basis of accounting, there is no such...
-
Which of the followingcarbocations is the least stable? CH3CH2 . CH3CHCH3 CH3 I . CH3C0 T CH3 IV. V. CH3 CH3CCH2 CH3
-
There is a saying in Japan that the nail that sticks up gets hammered down. This means that in corporate Japan employees are supposed to act together and move in unison. Individuality is not...
-
Identify four strategies for reinforcement, and provide an example of each.
-
What are the four strategies to use for behavioral change?
-
Ajay Co. uses the years-of-future- service-method to amortize the prior service cost in its employee pension plan over a four-year period beginning in 2012 and ending in 2015. Ajay has determined the...
-
I don't understand how to calculate the employer's payroll taxes with the 7k limit. Employee 1 monthly gross salary is $6000 ($12,000 made so far this year) Employee 2 monthly gross salary is $5750...
-
management of AAAA company By using the check number range for the period from 100 to 800. Using Table 8.1 to select a random sample of 15 checks to examine. Which numbers are chosen? If some of our...
Study smarter with the SolutionInn App