Business, 08.04.2021 18:40 garrismunoz

Universal Industries uses a standard cost system to monitor costs. For one of their best-selling products, they purchase both valves and fittings from outside vendors. Data for the most recent week related to this product are as follows: Valve usage variance $22,200 unfavorable
Valve rate variance $1,000 unfavorable
Fitting usage variance $1,000 favorable
Fitting rate variance $6,000 favorable
Labor efficiency variance $18,000 favorable
Labor rate variance $9,000 favorable

Based on an analysis of the six variances from standard, which of the following management initiatives is indicated?

a. Request that the purchasing group substitute a less costly fitting.
b. Determine why salaries paid were higher than expected.
c. Implement a remedial training program to improve employee performance.
d. Review operations to determine the cause of excessive valve use.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 05:30

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Answers: 1

Answer

Business, 22.06.2019 06:00

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Answers: 1

Answer

Business, 22.06.2019 11:00

You decide to invest in a portfolio consisting of 25 percent stock a, 25 percent stock b, and the remainder in stock c. based on the following information, what is the expected return of your portfolio? state of economy probability of state return if state occurs of economy stock a stock b stock c recession .16 - 16.4 % - 2.7 % - 21.6 % normal .55 12.6 % 7.3 % 15.9 % boom .29 26.2 % 14.6 % 30.5 %

Answers: 1

Answer

Business, 22.06.2019 21:00

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

Answers: 2

Answer

You know the right answer?

Universal Industries uses a standard cost system to monitor costs. For one of their best-selling pro...

Questions