8.A manager has offered various possible causes to explain why anadverse labour efficiency variance has occurred. Which explanation is UNLIKELY to be the cause of the variance?(a) Poor scheduling of the work for the period(b) Setting the standard with too many labour hours(c) Lengthy machine breakdowns(d) A reduction in staff training

Name: 8.A manager has offered various possible causes to explain why anadve
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: 8.A manager has offered various possible causes to explain why anadverse labour efficiency variance has occurred. Which explanation is UNLIKELY to be the cause of the variance?(a) Poor scheduling of the work for the period(b) Setting the standard wi

Labor efficiency represents the ability of the company to utilize its labor working in the…

Answered: A manager has offered various possible…

Business

Accounting

A manager has offered various possible causes to explain why an adverse labour efficiency variance has occurred.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Which of the following statements is false? Cost allocations such as activity-based costing allow manager to evaluate profitability of their products. A budget is a quantitative plan for acquiring and using financial and other resources over a specific forthcoming time period. A detailed activity-based costing system is costly to implement. Using different allocation base does not affect manufacturing overhead costs allocated to each product.
Why is knowledge of cost behaviour important for managerial decesion making ? Give an example to illustrate your answer
Briefly discuss two methods of reducing the undesirable incentives associated with the use of absorption costing to evaluate the performance of a plant manager.
Why functional (or volume)- based costing approaches may produce distorted costs.
What do businesses need to make variance analysis useful?
What is a materials price variance? Describe this in your own words. Writing a formula is not a sufficient answer. Provide a real world example that would result in an unfavorable materials price variance
How frequently do you believe that firms should conduct variance analysis? Explain why?
What is a materials quantity variance? Describe this in your own words. Writing a formula is not a sufficient answer. Provide a real world example that would result in an unfavorable materials quantity variance