Miracle Lights - Variation Analysis Paper

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Christopher O

 

Date added:

August 10, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1932

 

Was viewed:

8356 times

 

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Essay content:

We will discuss several variances that we have discovered to have an unfavorable result which include price variance for raw materials purchased, direct labor rate, and variable overhead efficiency. The other variances, raw materials usage, direct labor efficiency and variable overhead spending had favorable results and we will provide the reasons for all the variances and give recommendations for improvement of the unfavorable outcomes...
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This variance is utilized because organizations calculate and report raw materials at the time materials are procured as opposed to when they are utilized. Raw materials purchase price variance is fitting for when material inventories are maintained as opposed to procuring materials directly into production as in the just in time concept...
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