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Variance/ reason for variance machine breakdown non-availability of material illness wage rate increase unforeseen discounts received greater care taken in purchasing change in material standards price increase careless purchasing output produced more quickly than expected because of work motivation better quality of equipment or materials production more than budgeted FIA

Variance/ reason for variance machine breakdown non-availability of material illness wage rate increase unforeseen discounts received greater care taken in purchasing change in material standards price increase careless purchasing output produced more quickly than expected because of work motivation better quality of equipment or materials production more than budgeted FIA

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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2. Say whether the following variances are favourable (F) or adverse (A) Variance/ reason for variance machine breakdown non-availability of material illness wage rate increase unforeseen discounts received greater care taken in purchasing change in material standards price increase careless purchasing output produced more quickly than expected because of work motivation better quality of equipment or materials production more than budgeted F/A
Transcribed Image Text:2. Say whether the following variances are favourable (F) or adverse (A) Variance/ reason for variance machine breakdown non-availability of material illness wage rate increase unforeseen discounts received greater care taken in purchasing change in material standards price increase careless purchasing output produced more quickly than expected because of work motivation better quality of equipment or materials production more than budgeted F/A
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