What does an adverse variable overhead efficiency variance indicate and what mig-新东方在线职业题库

新东方在线题库 > ACCA英国注册会计师试题 > F2 > Chapter20-22 > What does...

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

Chapter20Standardcosting

Variable overhead

It indicates that the work completed took longer than it should have done. It could be caused by employing semi-skilled workers instead of skilled workers who will take longer to complete the job.

多做几道

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.

最新试题

该科目易错题

该题目相似题

Which of the following relates to management accounts and which to financial accounts? Management accounts Financial accountsPrepared yearly For internal use Contains future information
Bytes Limited operates an IT consultancy business and uses a coding system for its elements of cost (materials, labour or overheads) and then further classifies each element by nature (direct or indirect cost):Element of cost Code Nature of cost CodeMaterials A Direct 100 Indirect 200Labour B Direct 100 Indirect 200Overheads C Direct 100 Indirect 200What would the codes be for the following costs? Cost CodeSalary of trainee IT consultant Planning costs to renew lease of the office Wages of the office manager Cleaning materials used by cleaner
Camberwell runs a construction company. Classify the following costs by nature (direct or indirect) in the table below.Cost Direct IndirectBricks Plant hire for long term contract Builders' wages Accountants' wages
Data relating to a particular stores item are as follows:Average daily usageMaximum daily usageMinimum daily usageLead time for replenishment of inventoryReorder 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
Which method of inventory valuation is being described?Characteristic FIFO LIFO AVCOPotentially out of date valuation on issues. The valuation of inventory rarely reflects the actualpurchase price of the material. Potentially out of date closing inventory valuation. This inventory valuation method is particularly suitedto inventory that consist of liquid materials e.g. oil. This inventory valuation method is particularly suitedto inventory that has a short shelf life e.g. dairy products. This inventory valuation method is suited to a wheat farmerwho has large silos of grain. Grain is added to and taken fromthe top of these silos. In times of rising prices this method will give higher profits. In times of rising prices this method will give lower profits. In times of rising prices this method gives a middle level ofprofits compared to the other two. Issues are valued at the most recent purchase cost. Inventory is valued at the average of the cost of purchases. Inventory is valued at the most recent purchase cost.
Which of the following relate to marginal costing and which to absorption costing? Marginal costing Absorption costingThe cost of a product includes an allowance for fixed production costs. The cost of a product represents the additional cost of producing an extra unit. The following data are for questions 155 and 156The budget for Bright's first month of trading, producing and selling boats was as follows: $000Variable production cost of boats 45Fixed production costs 30Production costs of 750 boats 75Closing inventory of 250 boats (25)Production cost of 500 sold 50Variable selling costs 5Fixed selling costs 25 80Profit 10Sales revenue 90The budget has been produced using an absorption costing system.
Quality control costs can be categorised into internal and external failure costs, inspection costs and prevention costs. In which of these four classifications would the following costs be included?The costs of a customer service teamThe cost of equipment maintenanceThe cost of operating test equipment Internal failure costs External failure costs Inspection costs Prevention costsCost of the a customer service team Cost of equipment maintenance Cost of operating test equipment
What is the difference between a budget and a forecast?
What does an adverse variable overhead efficiency variance indicate and what might be the cause?
A balanced scorecard measures performance 什om four perspectives: customer satisfaction, growth, financial success and process efficiency. Briefly explain these processes.