Data relating to a particular stores item are as follows:Average daily usageMaxi-新东方在线职业题库

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Data relating to a particular stores item are as follows:Average daily usage

Maximum daily usage

Minimum daily usage

Lead time for replenishment of inventory

Reorder quantityWhat is the reorder level (in units) that avoids inventory stockouts?400 units 520 units 180 units 10 to 15 days 8,000 units

units O

Chapter6Accountingformaterials

Maximum usage x maximum lead time = 520 x 15 = 7,800 units

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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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