Solution-Prepare a list of reasons for the variance

Prepare a list of reasons for the variance

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Reference no: EM131739818

Question: As a three-person team, choose an activity that is commonly performed every day, such as taking a shower/bath, preparing a meal, or doing homework. Have each team member time him- or herself performing that activity for two days and then develop a standard time for the team. Now have the team members time themselves performing the same activity for the next ï¬ ve days.

a. Using an assumed hourly wage rate of $12, calculate the labor eï¬ƒ ciency variance for your team.

b. Prepare a list of reasons for the variance.

c. How could some of the variance have been avoided

Reference no: EM131739818

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Prepare a list of reasons for the variance

Reference no: EM131739818

Reference no: EM131739818

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