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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


An unfavorable material quantity variance indicates?

actual usage of materials exceeds the standard material allowed for output


How would you describe a variance?

A commonly used method is to determine the difference between what was allowed by standard costs, which are the budget allowances, and what was actually spent for the output achieved. This difference is called a variance.


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


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


Will the direct labor price variance always be unfavorable if more hours are worked than the standard hours allowed for the actual output attained?

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.


What are the two variances between the actual cost and the standard cost for direct labor?

The two variances between the actual cost and the standard cost for direct labor are the labor rate variance and the labor efficiency variance. The labor rate variance measures the difference between the actual hourly wage paid and the standard wage expected, multiplied by the actual hours worked. The labor efficiency variance assesses the difference between the actual hours worked and the standard hours allowed for the actual production, valued at the standard hourly rate. These variances help businesses analyze their labor costs and operational efficiency.


Are butt plugs allowed in carry-on luggage according to TSA regulations"?

Yes, according to TSA regulations, butt plugs are allowed in carry-on luggage.


Are shaving razors allowed in carry-on luggage according to TSA regulations"?

Yes, shaving razors are allowed in carry-on luggage according to TSA regulations.


How many clubs is allowed to be played in a players bag?

You are allowed 14 clubs according to the USGA


Are Swiss Army knives allowed in carry-on luggage according to TSA regulations?

No, Swiss Army knives are not allowed in carry-on luggage according to TSA regulations.


Are butter knives allowed in carry-on luggage according to TSA regulations"?

Yes, butter knives are generally allowed in carry-on luggage according to TSA regulations.