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
A corporation acquired a truck on July 1, 2012, at a cost of $162,000. The truck has a six-year useful life and an estimated salvage value of $18,000. The straight-line method of d

Absorption Costing and Marginal Costing Product costs are costs identified along with goods produced or purchased for resale. That costs are initially identified like part of

introduction on proess costing

How relevant to the decision are the $800(000) initial cost of the project and the operating losses of $300(000)? Calculate the incremental liquidation cash flows for the abando

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

meaning and definition of operating costing

(a) Describe briefly how the following are used in the accounting for labour: (i)   time sheets (ii)   job cards. (b) The following details relate to the labour in a produ

You have recently graduated from VU and are now working for a small accounting firm. The firm recently purchases MYOB software for internal use. Upon learning that you had learnt M

Assume new instruments for a firm cost $18,000 with an additional installation fee of $2,000, both of which are depreciable. Finish the depreciation schedule shown below using the

Determine how much to stock 1. Employ The Economic Order Quantity Model This is an easiest model which helps the manager to find out the optimum quantity of stock to order