EBK
Apr 16, 2009, 05:45 PM
Material and labor variances for timber industries were as follows:
Material price variance- favorable
Material usage variance- unfavorable
Direct labor rate variance- favorable
Direct labor efficiency variance- unfavorable
Required:
Based on the facts stated, identify contributing factors for the variances noted. And discuss how timber industries could use variance analysis
Material price variance- favorable
Material usage variance- unfavorable
Direct labor rate variance- favorable
Direct labor efficiency variance- unfavorable
Required:
Based on the facts stated, identify contributing factors for the variances noted. And discuss how timber industries could use variance analysis