Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Cost volume profit analysis is used primarily by management

30/04/2021 Client: muhammad11 Deadline: 2 Day

Labor variance analysis is used primarily as a performance evaluation measure for responsible managers in a segment of a business. Labor variance occurs when the cost of labor or the amount of labor used deviates from what was budgeted by company management during initial planning, for either a given period of time or for a specific amount of production. Direct labor variance analysis is conducted by comparing the standard direct labor rate for production with the actual direct labor rate incurred for the production of the product.
There are two parts to direct labor variance analysis. The first is a comparison of the standard rate per unit of labor with the actual rate per unit of labor, which results in the determination of the labor rate variance. The second is a comparison of the standard quantity of use of units of labor with the actual quantity of use of units of labor for the actual production achieved, which results in the determination of the labor efficiency (usage) variance.
Labor Rate Variance
This type of variance is concerned with the difference between what was paid for labor and what should have been paid for labor for the actual production achieved.
Which of the following activities are possible causes of labor rate variance? Select "Yes" for all that apply.
1. A lower-skilled laborer doing a higher-skilled task..............select Yes No Correct 1 of Item 1
2. A higher-skilled laborer doing a lower-skilled task..............select Yes No Correct 2 of Item 1
3. Unexpected overtime.................................................select Yes No Correct 3 of Item 1
Labor Efficiency Variance
This type of variance is concerned with the difference between the labor hours that were actually used and the labor hours that should have been used.
Which of the following activities are possible causes of labor efficiency variance? Select "Yes" for all that apply.
1. A higher-than-normal defect level resulting in unplanned additional work.........select Yes No Correct 4 of Item 1
2. Frequent machine breakdowns.......................................select Yes No Correct 5 of Item 1
3. Using outdated time estimates in determining the standard rate for direct labor select.......Yes No Correct 6 of Item 1
Gauging the Favorableness of Variances
When variances occur, they are described as being either favorable or unfavorable. When actual activity consumes more time or money than initially planned, an unfavorable variance exists. However, when actual activity consumes less time or money than initially planned, a favorable variance exists. Note that the terms favorable and unfavorable are used, rather than saying that a variance is good or bad, because until the cause of a variance is discovered, it is not clear whether a variance is either good or bad.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Coursework Assignment Help
Accounting & Finance Specialist
Top Quality Assignments
Maths Master
Supreme Essay Writer
Top Academic Guru
Writer Writer Name Offer Chat
Coursework Assignment Help

ONLINE

Coursework Assignment Help

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$85 Chat With Writer
Accounting & Finance Specialist

ONLINE

Accounting & Finance Specialist

I have read your project details. I can do this within your deadline.

$84 Chat With Writer
Top Quality Assignments

ONLINE

Top Quality Assignments

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$71 Chat With Writer
Maths Master

ONLINE

Maths Master

Give me a chance, i will do this with my best efforts

$84 Chat With Writer
Supreme Essay Writer

ONLINE

Supreme Essay Writer

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$64 Chat With Writer
Top Academic Guru

ONLINE

Top Academic Guru

Give me a chance, i will do this with my best efforts

$32 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Ring of fire map - Not for profit - Discussion 6 - Thirteen plays of bhasa pdf - Example of selective perception in organization - Air pressure is measured in what - Psychological testing - The cask of amontillado thesis statement - Assignment - Week 5 template - Baker c 2011 foundations of bilingual education and bilingualism - Which of the following is the best example of oligopoly - +91-8306951337 kala jadu specialist astrologer IN Davanagere - Cleethorpes imperial flying club - California cocktail antidepressant - Trump boulders in a harness sticker - Music Appreciation - Axline v 1969 play therapy - Said is dead words - Ph of fruit punch - Addition properties and subtraction rules - Speed distance time fuel consumption - Qantas case study textbook - Physical features of india - Verification of bernoulli's equation lab report - Calkin's model of advanced nursing practice - Eating christmas in the kalahari - Personal services income satisfy the results test - An investment offers 6100 per year for 15 years - Advance business stat - Discussion - Darrick wood infant school - Narrative report about health and wellness - Storage networking fundamentals pdf download - I ask my mother to sing analysis - Assignment 3: Impact of Economics on Daily Living - Sweat by zora neale hurston quizlet - Introduction of color sorting machine - Math mammoth light blue series - Market oriented strategic planning ppt - John berger about looking pdf - Which of the following best defines what a provider referral is? - Publisher of the norton introduction to literature - Compare and contrast fahrenheit 451 - Uq activate internet session - Jamaica has a comparative advantage in the production of - Letter 2: Negative Message - Ethica and Legal Aspects of Nursing Practice Assigment - Immune dysfunction - Globe project leadership styles - Mat 211 asu - Radiometrix ntx2 raspberry pi - Review the topics and concepts that were introduced throughout the course including study questions, purpose of research, study - Chem Lab, Introduction to molecules - Excel qm in excel 2016 - When thomas paine writes about reconciliation he is referring to - 300 words APA format - Validating node self description database riverbed - The rabbit and the turtle - 2 discussions due in 72 hours - Sample student success plan - What is the universal milling attachment - A physics student on planet exidor throws a ball - Scale factor worksheet 7th grade - Tales of illyria destinies guide - Ionic bonding problems with answers - Assessment in early childhood education 7th edition pdf - Economics - J4 - How to calculate total connected load - Health Care Career Essay - Queens hospital romford consultants - Biology chapter 18 assessment answers page 465 - Megan sanders charity profits app - Great expectations study guide chapters 1 10 answers - Familiarity breeds rigidity - Discussion and replies - Which of the following estimates at a - Concrete pipe installation manual - Wk 1, HCS 457: DQ - Determine the ip addresses - Liberty by julia alvarez pdf - Houses to rent in melton mowbray that accept housing benefit - Annotated bibliography and outline leadership behavior - My brother sam is dead questions - Gram stain lab report results - 4 responses with 60 words each (No plag) don't forget to put the initial thanks. - 9.1 cellular respiration an overview - Research - Gym management system project source code in html - 2 questions 2 Separate answers - Health Care Managaement paper - Camino por el hospital. camino por los pasillos del hospital. camino en dirección al hospital. - Book Reflective Response - Entrance and exit are ____ - Motivation - Case mix index calculation - Case 18 ford motor company new strategies for international growth - Escuchar escucha las oraciones e indica si cada oración es cierta or falsa, según el dibujo. - Everyday use by alice walker characters - Concept map of literature