Typical causes of labour variances, Cost Accounting

Typical Causes of Labour Variances

Labour Rate Variances

a) Higher rates being paid than planned because of wage raise awards.

b) Lower or Higher grade of workers being utilized than planned.

c) Payment of unplanned overtime or bonus.

Labour Efficiency Variances

a) Use of incorrect grade of labour as like poorly trained personnel.

b) Poor workshop organization or supervision.

c) Incorrect materials or machine problems.

d) Employ of better quality labour

e) Decrease labour or increase labour efficiency.

Posted Date: 2/7/2013 6:50:35 AM | Location : United States







Related Discussions:- Typical causes of labour variances, Assignment Help, Ask Question on Typical causes of labour variances, Get Answer, Expert's Help, Typical causes of labour variances Discussions

Write discussion on Typical causes of labour variances
Your posts are moderated
Related Questions
how the NHS might use ABC to (a) produce ‘product costs’ for services, and to (b) evaluate the internal efficiency, quality and profitability per product or service line. Both bene

The Zooline Company (Pty) Ltd is an American based company that focuses on the LSM 8 -10 markets. They do vehicle interiors, raise or lower suspensions and install top end sound sy

Using  the  information below, list profit statements  for June and July using  (a) margin costing and (b) absorption costing. A company produces and sells 1 product only which

Find a journal article online about just-in-time inventory systems. In the subject line of your post, include the title of the article that you read. Post a link to that article wi

Determine the Incremental Cost A company currently makes a component that has the given unit cost structure Direct Material Shs. 100

Distinction between Absorption and Marginal Costing These are two approaches of arriving at the cost of production or total profit for a specified period. The major difference

There are different activities undertaken through a business that prove to be either source or use of cash. These can be categorizes under three broad categories that are: investin

Describe the meaning of the fixed production overhead variances calculated under the standard absorption costing system and talk about their usefulness to the management of X Ltd.

I need an explanation of how a bin card is done

Costs and Revenue Cost of the development work done in-house to 1 January 2009 has been £1.5m with a further cost of £50,000 per month from now until the software is ready