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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Responsibility for the labor efficiency variance typically is assigned to

  1. a. labor unions.
  2. b. personnel.
  3. c. engineering.
  4. d. production.
  5. e. outside trainers.

To determine

Identify the department which is responsible for labor efficiency variance.

Explanation

Variance:

The amount obtained when actual cost is deducted from budgeted cost is known as variance. Variance is calculated to find whether the cost is over applied or under applied.

d.

Labor efficiency variance occurs due to poor quality materials, breakdowns and lack of skills which are concerned with the production department. Therefore, option d is the correct answer.

a.

Labor unions work for the welfare of the laborers and have nothing to do with labor efficiency variance...

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