Question b Which of the following is a possible cause of an unfavourable materials quantity variance? • Use of inferior raw materials • Raw materials price increase • Use of a higher grade of labour than allowed for in the standard • Raw materials price decrease.
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- 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 changeWhen is the material price 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 is less than the standard priceWhich of the following is a possible cause of an unfavorable material price variance? A. purchasing too much material B. purchasing higher-quality material C. hiring substandard workers D. buying substandard material
- Identify several causes of an unfavorable labor efficiency variance.When is the material price 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 priceWhen is the labor rate 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 is less than the standard price
- Which of the following is a possible cause of an unfavorable material quantity variance? A. purchasing substandard material B. hiring higher-quality workers C. paying more than should have for workers D. purchasing too much materialIdentity several causes of an unfavorable labor rate variance.Which one of the following may account for an adverse labour efficiency variance? a. Using higher grade materials leading to lower wastage rates O b. Change in labour-market conditions between the setting of the standard and the actual event O c. Higher purchase cost of raw materials d. Using a higher grade of worker than was planned Oe. Poor supervision
- Why can undue emphasis on labor efficiency variances lead to excess inventories?What effect, if any, would you expect purchasing poor-quality materials to have on direct labour variances?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
