Discuss about variable overhead efficiency variance

Reference no: EM13824543

Questions-

1. Variable overhead efficiency variance occurs as the result of:

• The efficient or inefficient usage of electricity, indirect material or other variable overhead items.
• The efficient or inefficient use of the cost drivers, such as direct labor hours or machine hours, that are used to apply variable overhead.
• Producing completed units for finished goods inventory instead of producing completed units for sale.
• A difference between the budgeted amount of units sold and the actual amount of units sold.

2. Which of the following is not a criticism of standard costing systems?

• Variances are too aggregated and concentrate on the consequences rather than the causes of the problems.
• Variance analysis explicitly encourages continuous improvement.
• Standard costing systems place too much emphasis on the cost and efficiency of direct labor.
• Variance reports are produced too late to be useful.

Additional information-

These multiple choice questions relates to Accounting. The first question discuss about variable overhead efficiency variance and the second question is about the criticism for standard costing system.

Reference no: EM13824543

Questions Cloud

Assignment of the nursing home medicare : Your company acquires the operating assets of a nursing home, including assignment of the nursing home's Medicare and Medicaid participation agreements and provider numbers. A year after the closing, the Medicare program audits claims submitted b..

Identify an interpersonal conflict that was not handled : Identify an interpersonal conflict that was not handled effectively in the movie Hitch staring Will Smith. A synopsis of the film should not be included. The paper must be formatted according to APA style.

Identify the barriers to effective interpersonal interaction : Identify the barriers to effective interpersonal interactions. Describe the process by which self-concept is developed and maintained.

Primary forms of business acquisitions : There are three primary forms of business acquisitions. Name and describe the essential elements as well as the advantages and disadvantages of the three primary forms of mergers and acquisitions. A potential purchaser offers to purchase your surg..

Discuss about variable overhead efficiency variance : These multiple choice questions relates to Accounting. The first question discuss about variable overhead efficiency variance and the second question is about the criticism for standard costing system

Analyse the political economic and business environments : Analyse the political, economic, and business environments, including the production potential of the two countries. You will also develop a weighted index. (There is an example of a weighted index in the ASSESSMENT/Country Analysis Report section of..

Families are supposed to have closer relationships : Why are constructive dialogue and/or changing strategic direction more difficult for a family business than other businesses, even though families are supposed to have closer relationships? Support your response with empirical evidence.

Compare the two literary work dogs death and a fathers story : Write a Paper, in which you compare and contrast two literary works on The John Updike "Dog's Death" and Andre Dubus "A Father's Story".

Different forms of business organization : Describe two different forms of business organization that are suitable for this purpose and what actions must be taken and documents that must be prepared to complete the organizational process. Please be specific.

User Account

All Pages