Production manager is generally responsible for establishing product sales price. Production manager is generally responsible for controlling materials price variance. Production manager is generally responsible for labor rate variance. Which of the following is true of a production manager's responsibility?
Total labor variance = (Standard hourly wage rate × Standard direct labor hours used) - (Standard hourly wage rate × Actual hours allowed) Production manager is generally responsible for labor rate variance. Total labor variance = (Standard hourly wage rate × Standard direct labor hours used) - (Actual hourly wage rate × Standard hours allowed) Total labor variance = (Actual hourly wage rate × Actual direct labor hours used) - (Standard hourly wage rate × Standard hours allowed) Total labor variance = (Actual hourly wage rate × Actual direct labor hours used) - (Standard hourly wage rate × Actual direct labor hours used) Total labor variance = (Actual hourly wage rate × Actual direct labor hours used) - (Standard hourly wage rate × Standard hours allowed) Which of the following is the correct equation for computing the total labor variance? The responsibility for controlling the materials price variance usually belongs to the production agent, while the purchasing manager is generally responsible for materials usage. Once set, production standards are static. False T or FĪll total direct labor variance are due to differences between actual and planned wage rates. The total materials variance is equal to actual costs minus planned costs. The quantity variance is the difference between the actual and standard quantity of inputs multiplied by the standard unit price of the input. Price variance is the difference between the actual and standard unit price of an input multiplied by the number of inputs used. $375,000 F purchasing agent The responsibility for controlling the materials price variance usually belongs to the _. purchased and used 500,000 pieces of plastic material at $2.50 each, and its actual labor hours were 340,000 hours at a wage rate of $10.50. Materials and labor standards for producing the phones are as follows:ĭirect materials (2 pieces of plastic material $3.25) $6.50 During the year, 150,000 phones were manufactured. Total budget variance $375,000 F Galaxy Technologies Corp. Materials usage variance Which of the following measures the difference between the direct materials actually used and the direct materials that should have been used for the actual output?
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