Hiring highly skilled workers could result in a favourable direct labour price variance and a favourable direct materials efficiency variance.
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Q43: A change in quality of materials may
Q44: The allocation base for variable overhead should
Q45: In standard costing the price and efficiency
Q46: A contract with a new supplier may
Q47: The standard fixed overhead allocation rate is
Q49: A change in the price paid in
Q50: The direct labour price variance is calculated
Q51: Unreasonable standards may be the cause of
Q52: The variable overhead budget variance is the
Q53: Theft of raw materials may cause a
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