All CPA Business Environment and Concepts (BEC) Resources Show
The differences between standard hours at standard wage rates and actual hours at standard wage rates is referred to as which of the following types of variances Possible Answers: Labor rate Indirect labor spending Labor usage Direct labor spending Correct answer: Labor usage Explanation: The difference between standard hours at standard wage rates and actual hours at standard rates is the labor usage/efficiency variance. Which of the following types of variances would a purchasing manager most likely influence? Possible Answers: Direct labor efficiency Direct materials price Direct labor rate Direct materials quantity Correct answer: Direct materials price Explanation: The direct materials price variance could be used to monitor purchasing manager performance. Which of the following standard costing variances would be least controllable by a production supervisor? Possible Answers: Overhead efficiency Labor efficiency Overhead volume Material usage Correct answer: Overhead volume Explanation: The overhead volume variance is a function of the budgeted amount of overhead based on standard hours. The production supervisor has little control over established standard and budgeted amounts. The only sales variance listed below that does not use contribution margin to compute results is: Possible Answers: Sales volume variance Market share variance Market size variance Sales price variance Correct answer: Sales price variance Explanation: The sales price variance does not use contribution margin. The production volume variance is due to: Possible Answers: A significant shift in the mix and yield of direct labor relative to the static budget Difference from the planned level of the base used for overhead allocation and the actual level achieved Efficient or inefficient use of variable overhead ]Inefficient or efficient use of direct labor hours Correct answer: Difference from the planned level of the base used for overhead allocation and the actual level achieved Explanation: The production volume variance is due to the difference from the planned level of the based used for overhead allocation and the actual level achieved. The cost of goods manufactured would generally not include which of the following? Possible Answers: Direct materials Overhead Direct labor Selling costs Correct answer: Selling costs Explanation: Selling costs are not relevant for the goods a firm manufactures, rather this would be relevant for the cost of goods sold. All CPA Business Environment and Concepts (BEC) Resources by Aimal Khan , Financial controller , Watson Marlow Fluid Technology Group C- Material usage is controllable .Overhead is fix cost,and labor effecincy varies with learning curve by nguyen thanh , bartender , for Jumeirah emirates towers Hotel THE MOST CONTROLABLE STANDARD COSTING VARIANCES IS LABOR EFFICIENCY
I think "D" is correct because it is seen that the labor efficiency factor can be vary. Thanks Material usage will be correct. A production manager is involved with the planning, coordination and control of manufacturing processes. They ensure that goods and services are produced efficiently and that the correct amount is produced at the right cost and level of quality My answer is Material usage. by Abdul Majid Khatri
, A Qualified Chartered Accountant , Honeycomb Logistics Pvt. Ltd. Material usage variance is most controllable by production manager. by
Ahmed Said , Cost accounting supervisor , Roots Steel international I Think Material usage Will be the First then Labor efficiency by Ahmed kandil , Cost Controller , Battour Holding Cpompany Material usage is the correct answer C- Material usage. is my answer by Md. Moshiur Rahman Sumon , Assistant General
Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited Among the other alternative answer C is the best controllable and reliable by a production manager So C - Material Usage is correct answer by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C Material Uses is Controllable......... Popular SearchesWhat is the controllable variance?Definition: The controllable variance consists of a combination of variable and fixed overhead variances that management has influence over. In other words, it's a set of overhead variances that management has the power to change or manipulate.
Which of the following standard costing variances would be least controllable by a production supervisor?Answer and Explanation:
Explanation: The least controllable standard costing variance is the overhead volume variance.
What causes controllable variance?Overhead Controllable Variance occurs when there is a difference between budgeted overhead expenses and actually incurred overhead expenses. This is also carried out based on the standard output that is produced.
Which of the following overhead variances would be helpful in bringing attention to a potential short term problem in the control of overhead costs?Therefore, spending variance will be helpful in the context of bringing the concentration to short-term difficulties related to the controlling of overhead costs. Hence it is the correct option.
|
Which of the following variances is most controllable by the production control supervisor?
zusammenhängende Posts
Urheberrechte © © 2024 WIKIFI Inc.
