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Labor Rate Variance Assignment

Author:
February 18th, 2020

Circle the impact of the following situations on the listed variances Laborers worked overtime: Labor Rate Variance: No Effect Favorable Favorable Unfavorable Unfavorable Labor Efficiency Variance: Inferior Materials were used: Materials Price Variance: Favorable Unfavorable No Effect Favorable No Effect Materials Efficiency Variance Unfavorable Indirect Materials cost more than anticipated: VOH Spending Variance VOH Efficiency Variance Favorable Unfavorable Unfavorable No Effect Favorable Higher level of laborers were used: Labor Price Variance: Favorable Unfavorable Unfavorable No Effect Labor Efficiency Variance: Favorable Actual fixed overhead costs exceed budgeted fixed overhead costs: FOH Spending Variance:

Favorable Unfavorable No Effect Standard machine hours allowed for actual units produced was greater than Standard machine-hours budgeted: FOH Spending Variance: Favorable Unfavorable FOH Volume Variance: Favorable Unfavorable No Effect was stolen: VOH Spending Variance: Favorable VOH Efficiency Variance: Favorable Supplies (indirect materials) Unfavorable Unfavorable No Effect. .

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