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Will the direct labor price variance always be unfavorable if more hours are worked than the standard hours allowed for the actual output attained?
Wiki User
∙ 9y ago
No, Direct labor price variance is created due to difference in standard labor rate and actual labor rate for example standard labor rate per unit is 10 and actual labor rate is 11 then 1 per unit is unfavourable direct labor price variance.
Wiki User
∙ 9y ago
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An unfavorable material quantity variance indicates?
actual usage of materials exceeds the standard material allowed for output
What is the formula for Standard allowed minute calculation in apparel industry?
Standard Allowed Time is computed from Live Time Study or Standard Data Analysis (SPD) Standard Allowed Minutes (SAMs) is calculated as follows: Total Raw Cycle Time / # valid Operation Cycles = Average Time (minutes) Average Time x Leveling Factor = Normal Time (minutes) Normal Time + P. F. & D. = Standard Allowed Time (minutes) Cycle time is the time it takes for one complete unit for that operation Operation cycles are valid if their value is within 1 standard deviation of the Average Time. Leveling Factor is determined by the engineer for the worker being observed (not calculated when using Standard Data Analysis P. F. & D. is Personal Fatigue and Delay a percentage added to compensate for normal working conditions and the specific operation. Personal is typical at 5% added to the Normal Time.
Whether interest on service tax allowed for income tax or not?
It is allowed
Does discount allowed have a debit or credit balance in the ledger balance?
Discount allowed is debit
How do you pass journal entry for discount allowed?
Debit cash / bankCredit discount allowed
An unfavorable material quantity variance indicates?
actual usage of materials exceeds the standard material allowed for output
What type of variance is excess usage?
Since actual usage of the direct material was greater than the standard allowed, the excess usage is called an unfavorable variance
How would you describe a variance?
A variance is a statistical measure that quantifies the spread or dispersion of data points in a dataset. It indicates how much each data point differs from the mean of the dataset. A higher variance value suggests a wider spread of data points, while a lower variance value indicates a more clustered data distribution.
What is the variance allowed on adjustments for appraisals according to fannie Mae?
20%
How did the Bahamas get their independence?
The Bahamas attained their independence in 1973. At that time, Great Britain allowed this island nation to be free and independent.
The reasonableness standard is?
The reasonableness standard is a legal principle that requires actions or decisions to be justifiable, understandable, and rational based on the circumstances. It is often used in legal contexts to assess whether a person's conduct meets an objective standard of reasonableness.
What is schedule variance in schedule management?
Schedule variance (SV) - This is the deviation of the performed schedule from the planned schedule in terms of cost. No confusion is allowed here because you already know that the schedule can be translated to cost. SV is calculated as the difference between EV and PV, as shown in the formula here:SV = EV - PV
What is schedule variance in project management?
Schedule variance (SV) - This is the deviation of the performed schedule from the planned schedule in terms of cost. No confusion is allowed here because you already know that the schedule can be translated to cost. SV is calculated as the difference between EV and PV, as shown in the formula here:SV = EV - PV
Can your fourteen year old daughter get her permit?
Nope ... most all states require the youth to have attained the age of 16 or 17 before being allowed to obtain their learners permit.
Are -3 bats allowed in Junior High baseball?
Yes, its the standard bat
What does letting the standard fall mean in relation to the Templars?
they're allowed to retreat, as long as the standard stands the're olbigated to stay on the battlefield
How many checkers pieces are there in a standard game of checkers?
Twenty-four (24) is the total number of pieces in a standard game of checkers. One player is allowed 12 pieces in one color. The other player is allowed 12 in another.
