List the direct labor variances and briefly describe each
What will be an ideal response
The direct labor variances are the direct labor cost variance and the direct labor efficiency variance.
The direct labor cost variance measures how well the company keeps direct labor cost per hour within standard. A direct labor cost variance is favorable (unfavorable) if the actual direct labor cost per hour is less (greater) than the standard direct labor cost per hour.
The direct labor efficiency variance measures how well the company keeps the actual usage of direct labor hours within standard. A direct labor efficiency variance is favorable (unfavorable) if the total number of direct labor hours actually used is less (greater) than the total allowed to manufacture the actual total quantity of units.
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Ecoefficiency is the ability to produce competitively priced goods and services that satisfy customer needs while reducing negative environmental impacts and costs
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Efficiency and effectiveness are terms used interchangeably and equivalently in management. 2. Automated telephone systems are typically both very effective and very efficient. 3. An effective manager has a multiplier effect on the organization, meaning his or her influence is multiplied beyond the results achievable by just one person. 4. John Hammergren's compensation of $145 million in 2010 as CEO of health care technology firm McKesson is typical for CEOs in North America today.
The customer's ability to determine the timing and services of their needs from a business organization through a website is referred to as _____.
A. customer profiling B. fulfillment C. customer impression D. self-service
A company pays for 25 percent of its purchases by credit terms n/60, 40 percent of its purchases by credit terms n/30, and the remaining 35 percent by a two-month advance payment. The sources for June's cash payments schedule for direct materials would not include which of the following?
a. June's direct materials purchases budget b. August's direct materials purchases budget c. May's direct materials purchases budget d. April's direct materials purchases budget