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GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:
Calculate the following variances for October, taking account of the more detailed information regarding the labour mix:
(i) The total labour efficiency variance
(ii) The total labour mix variance
(iii) The total labour yield variance
Select the correct statements.
Suggested Answer: A, B, C
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8 comments · newest first
NA
Natalie
12 months ago
I’m leaning towards $75,000 F for the mix variance.
ZI
Zita
1 year ago
Wait, how can the efficiency variance be $98,000 A? That seems off.
LO
Lorean
1 year ago
Definitely agree with the $78,000 A for efficiency variance.
GL
Glendora
1 year ago
I think the labour mix variance is actually $66,000 F.
SH
Sheridan
1 year ago
Labour yield variance is $144,000 A.
RO
Royce
1 year ago
Wait, I'm not sure about this. Let me re-read the question and think it through step-by-step.
CA
Casie
1 year ago
Okay, I think I've got a handle on this. The key is to make sure the API calls don't block the main UI thread. Option B seems like the way to go - set the async option to true and handle any errors or timeouts gracefully by omitting the widget. That should keep the rest of the UI responsive.
CU
Curt
1 year ago
Okay, I'm a bit confused by the wording of this question. Let me re-read it a few times to make sure I understand what's being asked.