Question A7 Which of the following could not be the explanation for a FAVOURABLE labour efficiency variance in isolation A A higher grade of staff was used than originally planned B A new more efficient machine was purchased increasing the hourly output of units C A training course introduced a new more efficient process that staff could incorporate in production D A decrease in the selling price led to an increase in demand for the product

Q: Company X has two products: Product A and product B. Product A has a higher selling price but a…

A: Solution Concept If a product line has high selling price but a lower contribution margin it implies…

Q: A company observed a decrease in the cost per unit. All other things being equal, which of the…

A: The production iincludes of variable and fixed costs.

Q: 6

A: Option a: This option is incorrect because although it is one of the methods, it is not the best…

Q: Which of the following could not be the explanation for a FAVOURABLE labour efficiency variance in…

A: Labor efficiency can be measured directly through unit produced per hour.

Q: Which of the following is not a consideration when a manager is deciding to discontinue a product or…

A: The management can take decision to discontinue the product or product line in case, its leading to…

Q: 5

A: An unfavourable labour efficiency variance indicates that more labour hours were used than were…

Q: Cost

A: cost volume variance measures the difference between the cost of actual units produced and budgeted…

Q: None

A: b) Reducing waste and improving efficiency Lean manufacturing aims to streamline production…

Q: In a sell or process further decision, consider the following costs: 1. A variable production cost…

A: There are many cost that need to be considered while considering the decision things regarding the…

Q: O The gross profit variance analysis is limited only on the product attributable cost O It includes…

A: The motive of this analysis is to upgrade the profitability as well as performance, so that the…

Q: not lower a company's break-even point?

A: Option A is wrong because an increase in selling price will lower the break-even point. Option B is…

Q: Ipany that uses varia

A: In Variable costing, product cost is the sum of direct material , direct labour and variable…

Q: Which of the following is NOT a factor to be considered in a make or buy decision? O the…

A: The correct answer is the fact that fixed factory overhead will not change. This is because in a…

Q: Which of the following may not be the reason for a change in gross profit to occur? * G O Change of…

A: Gross profit is the amount of sales revenue which is over and above cost of goods sold. Cost of…

Q: Question: What is the key characteristic of a variable cost in marginal accounting? A) It remains…

A: Variable cost is that part of total cost, which changes directly in proportion with volume. Total…

Q: The suitable cost unit for electricity is Kilowatt Hours Cost centers are a quantitative unit of…

A: Electricity is measured in terms of kilowatt hours for costing purposes.

Q: Which of the following statements might cause a labor efficiency variance? Statement 1 – Hiring of…

A: Labor efficiency variance is the difference between actual labor hours used to produce a product and…

Q: Select ALL the possible causes of an unfavorable direct labor rate variance. Talk of concessions by…

A: The direct labor rate variance is a measure that compares the actual labor rate paid to workers with…

Q: Explain why an increase in variable costs per unit could cause a company’s break-even point to…

A: The Breakeven point is that level of sales at which Contribution is equal to Fixed cost. In orher…

Q: The trend for cost of goods sold is it is decreasing as a percentage of sales and the trend for…

A: CVP analysis is used to analyze the impact of changes in sales volume on costs and operational…

Q: Need Solution with Calculation of this Question pls. Provide

A: Approach to solving the question: Detailed explanation: Variable Costing and the Contribution…

Q: ?Which of the following statements is false Activity-based costing typically provides less…

A: In order to solve in this question, we need to analyse the given statement one-by-one.

Q: Which of the following would explain an unfavorable variable overhead efficiency variance? (1)…

A: Unfavorable Variable overhead efficiency variance refers to a situation when Actual labor hour>…

Q: If Mazoon Company sells unit outputs below the breakeven point O a. there will be a loss b. total…

A: break even point is a situation where the company will be in a stage of no profit and no loss. Every…

Q: Which of the following is most likely to be true of the manufacturing overhead costs assigned to a…

A: Answer: Option (a) is the correct answer. An ABC system will assign more manufacturing overhead…

Q: Question 15 Which of the following is not an operational change a company might make if it wants to…

A: Inventory means the stock of goods in which the businessmen deals. Every company wants to maintain…

Q: The flow of goods through a production process cannot be at a faster rate than the slowest…

A: The Theory of Constraints is a method for determining the most significant limiting factor (i.e.,…

Q: Fixed costs expressed on a per unit basis:

A: Variable cost is the cost that varies with the change in output. Whereas, the per unit variable cost…

Q: 45. Multifactor productivity: A) remains constant. B) is never constant. C) usually uses substitutes…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Would an increase in variable costs per unit cause a company’s break-even point to increase or…

A: The Breakeven point is that level of sales at which Contribution is equal to Fixed cost. In orher…

Q: Under the contribution income statement, a company's contribution margin will be lower if? Fixed…

A: A break-even point is a point where the company incurs no loss and no profit. The contribution…

Q: What is the reason for pooling costs? O a. To shift costs from low-volume to high-volume products. O…

A: Cost mean different expenses incurred by the manufacturing concern to make a product available to…

Q: The scattergraph is a useful tool for:

A: Business managers use the scattergraph method when estimating costs to anticipate operating costs at…

Q: Do you agree with the following statements? Check only those with which you agree. Check All That…

A: Variable Costing refers to those costs which are directly related to the production and changes with…

Q: CLEAR MY CHOICE Which of the following statements is false? O a. Volume-based costing has typically…

A: Volume based costing and activity based costing are two type of costing methods that are used for…

Q: Carts Corporation is production process. TH spent in various produe Activity Inspection Storage.…

A: Value added activities is defined as those activities of the firm operations that increases the…

Q: Matching question: select the most appropriate concept for each of the following statement. The…

A: The matching concept in accountancy refers to the principle of matching expenses with revenues in…

Q: None

A: Definition of Marginal CostMarginal Cost (MC) is the additional cost incurred by producing one more…

Q: None

A: Detailed explanation:To analyze whether the statement is true or false, we need to understand the…

Q: A competitor of your company has shifted it cost structure from variable to fix costs, how your…

A: Detailed explanation:Handling Cost Accounting with Fixed Costs: When a company shifts from variable…

Q: overestimated standard labor cos changes to the product specificat reduction in direct labor costs…

A: Direct labor cost is the difference between actual direct and standard direct labor rates at a…