Questions
Mention three (3) uses of business technology which could be used to manage your plan and...

Mention three (3) uses of business technology which could be used to manage your plan and schedule. this is regrding about nurses

In: Economics

5. List and explain the stages of grief. 6. Mention and explain, what are the factors...

5. List and explain the stages of grief.

6. Mention and explain, what are the factors that affect the answers of
people in the face of loss and grief?

In: Nursing

Explain in paragraph format Explain franchising with examples. Mention the advantages and disadvantages associated with franchising....

Explain in paragraph format

Explain franchising with examples. Mention the advantages and disadvantages associated with franchising. How is franchising different from licensing?

In: Accounting

prepare one business letter for debt collection to client and mention about COVID-19 pandemic affect our...

prepare one business letter for debt collection to client and mention about COVID-19 pandemic affect our cash flow

In: Finance

Mention the Principles for Defining Report Quality (based on GRI Standards or G4 Guideline). Give an...

Mention the Principles for Defining Report Quality (based on GRI Standards or G4 Guideline). Give an example of its implementation on a construction company.

In: Accounting

explain the structure and function of a reflex arc. mention all the parts and functions of...

explain the structure and function of a reflex arc. mention all the parts and functions of both a two-neuron and a three - neuron reflex arc

In: Biology

Mention two features and the corresponding design philosophy in earthquake resistant design, which are different from...

Mention two features and the corresponding design philosophy in earthquake resistant design, which are different from conventional designs. [4 marks]

In: Civil Engineering

Psychology class 1. Mention examples of similarity, parallelism, symmetry, common region, contentedness and common flate in...

Psychology class

1. Mention examples of similarity, parallelism, symmetry, common region, contentedness and common flate in real the real world ?

In: Psychology

Generally mention atleast seven challenges and hurdles that stop the emergence of new multinational companies and...

Generally mention atleast seven challenges and hurdles that stop the emergence of new multinational companies and the growth of existing multinational companies in a country ?

In: Operations Management

Queenstown Baggage Limited has developed the following cost standards for the production of its leather backpacks:...

Queenstown Baggage Limited has developed the following cost standards for the production of its leather backpacks:

Standard cost per backpack

Leather (0.9 metre x $22 per metre)

$19.80

Direct labour (1.3 hours x $9 per hour)

$11.70

Variable overhead (1.3 hours x $15 per hour)

$19.50



Variable overhead at the company is applied on the basis of direct labour hours. The actual results for last month were as follows:

Number of backpacks produced

15,000

Direct labour hours incurred

18,800

Metres of leather purchased

14,500

Metres of leather used in production

14,100

Cost of leather purchased

$306,675

Direct labour cost

$159,800

Variable overhead cost

$285,760

Required:

i. Calculate the materials price variance, and mention three potential reasons for the variance result.

ii. Calculate the materials quantity variance, and mention three potential reasons for the variance result

iii. Calculate the labour efficiency variance, and mention three potential reasons for the variance result

iv. Joshwood Slovakia has recently joined Kerikeri Baggage Limited, a sister company of Queenstown Baggage Limited, as a Business Analyst. While going through last year’s variance analysis report, he found that the company uses direct labour hours as the basis for applying variable manufacturing overhead costs. He also found that, last year, the company’s labour efficiency variance was unfavourable. However, he noticed that variable overhead efficiency variance was missing in the last year’s report. Joshwood wonders whether the last year’s variable overhead efficiency variance was favourable or unfavourable. What do you think, and why? [Maximum word limit: 120 words].

In: Accounting