Which of the following standard costing variances would be leastcontrollable by a production supervisor?a. Overhead volume.b. Overhead efficiency.c. Labor efficiency.d. Material usage.

Step 1: Definition of Standard Cost VarianceStandard cost variance refers to the difference between…

Answered: Which of the following standard costing…

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?
Responsibility for the materials price variance typically belongs to a. Marketing b. Personnel c. Production d. Purchasing
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
How do price and quantity variances relate to materials costs?
A. Describe the two variances between the actual costs and the standard costs for factory overhead. B. What is a factory overhead cost variance report?
The fixed factory overhead variance is caused by the difference between which of the following? A. actual and standard allocation base B. actual and budgeted Units C. actual fixed overhead and applied fixed overhead D. actual and standard overhead rates
If variances are recorded in the accounts at the time the manufacturing costs are incurred, what does a debit balance in Direct Materials Price Variance represent?
Identify several causes of an unfavorable labor efficiency variance.
When should a standard cost variance be investigated?
Does the volume variance convey any meaningful information to managers?
Use the information provided to answer the questions. All material purchased was used in production. A. What is the standard price paid for materials? B. What is the direct materials quantity variance? C. What is the total direct materials cost variance? D. If the direct materials price variance was unfavorable, what would be the standard price?
Identify several causes of a favorable labor rate variance.

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Which of the following standard costing variances would be least controllable by a production supervisor? a. Overhead volume. b. Overhead efficiency. c. Labor efficiency. d. Material usage.