Which of the following documents would be completed in each situation? Material-新东方在线职业题库

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Which of the following documents would be completed in each situation?

Material Requisition Purchase Requisition Goods received note Goods returned note

Material returned to

stores from production

Form completed by the

stores department detailing

inventory requirements

Materials returned to supplier

Materials Requisition Purchase Requisition Goods received note Goods returned note

Form completed by

stores on receipt of goods

Form completed by

production detailing inventory requirements.

Chapter6Accountingformaterials

Material Purchase Goods received Goods returned

Requisition Requisition note note

Material returned to 对

stores from production

Form completed by the 对

stores department detailing

inventory requirements

Materials returned to supplier 对

Materials Purchase Goods received Goods returned

Requisition Requisition note note

Form completed by 对

stores on receipt of goods

Form completed by 对

production detailing inventory requirements.

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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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