How would a clothes retailer classify the following costs?Cost Materials Labour-新东方在线职业题库

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How would a clothes retailer classify the following costs?

Cost Materials Labour Expenses

Designer skirts

Heating costs

Depreciation of fixtures and fittings

Cashier staff salaries

Chapter4Costclassification

Cost Materials Labour Expenses

Designer skirts 对

Heating costs 对

Depreciation of fixtures and fittings 对

Cashier staff salaries 对

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What does an adverse variable overhead efficiency variance indicate and what might be the cause?

Explain briefly the possible causes of

(i) A favourable material usage variance

(ii) A favourable labour rate variance

(iii) An adverse sales volume contribution variance.

What is the relationship between the labour efficiency variance and the variable overhead efficiency variance? Why might the monetary value be different?

Explain the meaning and relevance of interdependence of variances when reporting to managers.

A balanced scorecard measures performance 什om four perspectives: customer satisfaction, growth, financial success and process efficiency. Briefly explain these processes.

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