Justin Company recently purchased materials from a new supplier at a very attractive price.The materials were found to be of poor quality,and the company's laborers struggled significantly as they shaped the materials into finished product.In a desperation move to make up for some of the time lost,the manufacturing supervisor brought in more-senior employees from another part of the plant.Which of the following variances would have a high probability of arising from this situation?
A) Material price variance,favorable.
B) Material quantity variance,unfavorable.
C) Labor rate variance,unfavorable.
D) Labor efficiency variance,unfavorable.
E) All of thesE.
Correct Answer:
Verified
Q56: Taylor's direct-labor rate variance was
A)$6,600F.
B)$6,600U.
C)$2,960F.
D)$2,960U.
E)None of thesE.
Q58: A production supervisor generally has little influence
Q59: Taylor's direct-material quantity variance was:
A)$7,800F.
B)$16,800F.
C)$7,800U.
D)$16,800U.
E)None of thesE.
Q60: The direct-material quantity variance is:
A)$750F.
B)$750U.
C)$6,500U.
D)$7,250U.
E)None of thesE.
Q61: When considering whether to investigate a variance,
Q62: The manufacturing cycle efficiency for PQR Company
Q63: A direct-labor efficiency variance cannot be caused
Q64: Standard costs:
A)allow a manager to assess the
Q65: The typical balanced scorecard is best described
Q66: To assess how customers perceive a company's
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