Mention a few reasons for an unfavorable direct labor cost variance
An unfavorable labor cost variance can be due to several reasons.
1. Unplanned leave taken by laborers
2. Shortage of skilled labor
3. Large number of high-paid laborers
4. Increased hours of idle time
5. Lack of training
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Whether investments are reported as current assets or noncurrent assets depends on the company's intent
a. True b. False Indicate whether the statement is true or false
A ________ divides the innovation process into stages with a checkpoint at the end of each stage
A) reverse assumption analysis technique B) skunkworks system C) stage-gate system D) spiral development process E) new-product department technique
Salaries of supervisory production personnel should be classified as direct labor costs
Indicate whether the statement is true or false
Direct costs are assignable directly to a particular ________.
Fill in the blank(s) with the appropriate word(s).