5 What does an unfavourable labour efficiency varianceindicate?Select one:О a. The actual labour rate was higher than thestandard labour rate.Оb. Overtime labour was used during the period.c. The labour rate variance must also beunfavourable.○ d. Actual labour hours worked exceeded standardlabour hours for the production level achieved.

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

Answered: What does an unfavourable labour…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 17MC: When is the direct labor time variance unfavorable? A. when the actual quantity used is greater than...

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When is the labor rate 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
What are some reasons for a material quantity variance? A. building rental charges increase B. labor rate decreases C. more qualified workers D. labor efficiency increases
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 are some possible reasons for a labor rate variance? A. hiring of less qualified workers B. an excess of material usage C. material price increase D. utilities usage change
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
The labor efficiency variance is the difference between the actual quantity of hours at the standard rate and the standard direct labor hours at the standard rate. A. True B. False
When is the direct labor time variance favorable? 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 paid is less than the standard price
Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the labor efficiency variance is favorable, the variable overhead efficiency variance will be: Multiple Choice favorable. unfavorable. zero.
please solve for these questions: b-1. What is the labor efficiency variance? b-2. What is the labor rate variance? c-1. What is the variable overhead efficiency variance? c-2. What is the variable overhead rate variance?
TRUE OR FALSE Production volume variance appears whenever actual production deviates from the expected volume of production used in computing the fixed factory overhead.
A price variance measures: Group of answer choices How good a company is in keeping its unit costs of material and labor within standards. The difference between current and previous production costs. How well a company uses its materials and labor to produce a unit of output. The difference between its production costs and its competitors’ production costs.
Under the 3 variance method for analyzing overhead, the difference between the actual factory overhead and factory overhead applied to production is the ___________ variance A. controllable B. efficiency C. net overhead D. spending

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