An adverse material usage variance together with a favourable materials price variance could suggest that:

Related MCQs

• An adverse labour efficiency variance together with a favourable labour rate variance may mean that:
• In August actual material used amounted to 5,650 kg, budgeted output was 1,000 units and standard material usage was 5 kg per unit. Actual output was 1,075 units. If the standard material cost of each product is 25 the material efficiency variance will be:
• During July actual labour costs amounted to 19,800, the standard rate of pay was 4.50 per hour and the labour rate variance amounted to 225 adverse. The actual hours worked were:
• ----------- variance is always adverse.
• Which of the following equations can be used to calculate a material price variance?
• Who is most likely to be held responsible for a material price variance?
• Calendar variance is the sub variance of ---------------
• Which of the following equations can be used to calculate a material quantity variance?
• To produce a particular batch of product, Falcon Corporation paid its workers 12.00 per hour for 4,000 hours of work. The standards for the quantity of work represented by the batch were 12.50 per hour and 4,400 hours. What was the labour efficiency variance?
• The firm’s direct-labour rate variance was 4,800 unfavourable. Actual labour was 24,000 direct-labour hours, at a cost of 1,68,000, for 25,000 units of finished product that require 1 hour of direct labour each, at standard. What is the standard rate per direct-labour hour?