This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: During February the Lungren Manufacturing Company's costing system reported several variances that ... (Read 30 times)

stock

  • Hero Member
  • *****
  • Posts: 573
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by stock on Mar 6, 2021

jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
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.
Answer Preview
Only 45% of students answer this correctly


stock

  • Member
  • Posts: 573
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Shark Circulatory System Shark Circulatory System
Digestive System Digestive System
Components of a computer system. Components of a computer system.
The retina-geniculate-striate system: the neural projections from the retinas through the lateral ... The retina-geniculate-striate system: the neural projections from the retinas through the lateral ...
The system of naming chromosome bands. Each autosome is numbered from 1 to 22. The sex chromosomes a The system of naming chromosome bands. Each autosome is numbered from 1 to 22. The sex chromosomes a
The Limbic System The Limbic System
Video: Retina

For a complete list of videos, visit our video library