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Author Question: During February the Lungren Manufacturing Company's costing system reported several variances that ... (Read 49 times)

stock

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on: Mar 6, 2021

Question 1

Describe the purpose of variance analysis.

Question 2

During February the Lungren Manufacturing Company's costing system reported several variances that the production manager was surprised to see. Most of the company's monthly variances are under $125, even though they may be either favorable or unfavorable. The following information is for the manufacture of garden gates, its only product: 

1.Direct materials price variance, $800 unfavorable.
2.Direct materials efficiency variance, $1,800 favorable.
3.Direct manufacturing labor price variance, $4,000 favorable.
4.Direct manufacturing labor efficiency variance, $600 unfavorable. 
Required: 
a.Provide the manager with some ideas as to what may have caused the price variances.
b.What may have caused the efficiency variances? 
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by stock on Mar 6, 2021

jjorrostieta

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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stock

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Reply 2 on: Mar 6, 2021
Wow, this really help

smrtceo

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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