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Comment on the labor quantity variances

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Reference no: EM132899459

Question - Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not "ideal" at this point, but the management is working toward that as a goal.

If the Labor quantity variances is $46,200 (Unfavorable) and Materials quantity variance are $3,200 (Favorable)

And Total overhead variance is $4,888 (Unfavorable)

Please evaluate and comment on the labor quantity variances, materials quantity variance, and total overhead variance for this company. Please include what the variances suggest to management?

Reference no: EM132899459

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