Labour Variances & Labour Efficiency

Related BrainMass Solutions

• Calculating Material and Labor Variances

  Calculate material price and quantity variances and labor rate and efficiency variances. Indicate whether the variances are favorable or unfavorable. (If answer is negative, put amount in parenthesis.)

• Snazzy Jeans, Inc. manufactures designer jeans

  I hope this comprehensive work will help you to study other variances too. 1 Labor Rate of Pay Variance: Labour Rate of pay variance = Actual hours ( standard Rate per hour - Actual Rate per hour) 2 Labour Efficiency Variance Labour Efficiency

• Calculate Efficiency Variances

  Further, assume that standard costs are $1.50 per kilogram for ice cream and $8.00 an hour for labour. 1. Compute the efficiency variances for direct labour and direct materials. 2. Provide likely explanations for variances. 3.

• Materials and manufacturing labour variances, standard costs

  142688 Accounting variances on price and efficiency Materials and manufacturing labour variances, standard costs.

• Variance Analysis

  variance (2 marks) $3.40 x [(560 - (1.5 x 400)] = $136 F Explanation and calculations of Materials price variance, Materials quantity variance; Direct labour rate variance; Direct labour efficiency variance; Variable overhead spending

• Calculating and explaining labor price and usage variances

  Standard Hours) Labour Efficiency Variance = $50(2640-2400) ($12,000) Unfavourable Total Labour cost variance = (ARXAH)-(SRXSH) = (46X2640)-(50X2400) ($1,440) Unfavourable OR Total Labour cost variance= = Labour Rate of pay variance

• Capital Budgeting, Variances

  , accounting rate of return, direct materials usage variance, direct materials price variance, direct labour efficiency variance, direct labour rate variance.

• Basic Variance Analysis

  For direct labour employed in the production of Fludex: a. Compute the rate and efficiency variances.

• Labour Rate and Efficiency Variances

  516366 Labour Rate and Efficiency Variances used to see if the strategy of paying a higher wage rate is efficient for the example provided. We answer the following, A popular product of Loring Glassworks is a hand decorated vase.