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Determine why salaries paid were higher than expected

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Reference no: EM132924066

Question - Universal Industries uses a standard cost system to monitor costs. For one of their best-selling products, they purchase both valves and fittings from outside vendors. Data for the most recent week related to this product are as follows:

Valve usage variance $22,200 unfavorable

Valve rate variance $1,000 unfavorable

Fitting usage variance $1,000 favorable

Fitting rate variance $6,000 favorable

Labor efficiency variance $18,000 favorable

Labor rate variance $9,000 favorable

Based on an analysis of the six variances from standard, which of the following management initiatives is indicated?

a. Request that the purchasing group substitute a less costly fitting.

b. Determine why salaries paid were higher than expected.

c. Implement a remedial training program to improve employee performance.

d. Review operations to determine the cause of excessive valve use.

Reference no: EM132924066

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