9. The difference between the Actual cost and the Standard cost for direct labor is called: A) Direct Labor Rate Variance B) Direct Labor Flexible Budget Variance C) Direct Labor Efficiency Variance D) Direct Labor Split Variance E) None of the above

9. The difference between the Actual cost and the Standard cost for direct labor is called: A) Direct Labor Rate Variance B) Direct Labor Flexible Budget Variance C) Direct Labor Efficiency Variance D) Direct Labor Split Variance E) None of the above

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 5DQ: A. What are the two variances between the actual cost and the standard cost for direct labor? B. Who...

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Similar questions

A. What are the two variances between the actual cost and the standard cost for direct labor? B. Who generally has control over the direct labor cost variances?
The variable overhead rate variance is caused by the sum between which of the following? A. actual and standard allocation base B. actual and standard overhead rates C. actual and budgeted units D. actual units and actual overhead rates
What is the direct labor rate variance?
When is the direct labor time variance 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 actual price paid is greater than the standard price D. when the actual price is less than the standard price
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How is the total direct labor variance calculated?
What are some possible reasons for a material price variance? A. substandard material B. labor rate increases C. labor rate decreases D. labor efficiency
What are some possible causes of a direct labor rate variance?
The variable overhead efficiency variance is caused by the difference between which of the following? A. actual and budgeted units B. actual and standard allocation base C. actual and standard overhead rates D. actual units and actual overhead rates
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The budget variance for variable production costs is broken down into quantity and price variances. Explain why the quantity variance is more useful for control purposes than the price variance.
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