a) Higher rates being paid than planned due to wage (increase) awards.
b) Higher or lower grade of workers being used than planned.
c) Payment of unplanned overtime or bonus.
Wilfykil answered the question on April 17, 2019 at 08:49
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Which are the typical Causes of Material Variances?
Date posted:
April 17, 2019
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April 17, 2019
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Define Variance Analysis
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April 17, 2019
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List and explain the methods Used to Allocate Joint Costs
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April 17, 2019
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Which is the accounting Treatment of Spoilage Costs?
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April 17, 2019
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What are the features of contract accounting?
Date posted:
April 17, 2019
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Give the factors considered on each overhead Absorption Method
Date posted:
April 17, 2019
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Simon worked 360 hours during the month of June 2012 and he was paid at the rate of Ksh 200 per hour. During the month...
(Solved)
Simon worked 360 hours during the month of June 2012 and he was paid at the rate of Ksh 200 per hour. During the month he completed three jobs. The following additional information was provided.
Calculate the labour cost chargeable to these three jobs on the assumption that these jobs were completed only by Simon.
Date posted:
April 17, 2019
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Answers (1)
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From the following information, prepare a payroll for the month of May 2014.
(Solved)
From the following information, prepare a payroll for the month of May 2014.
Additional Information
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2. P.A.Y.E to be deducted at the rate of 20% of gross wage.
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Date posted:
April 17, 2019
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Answers (1)
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The following information was extracted from the books of Danex Holdings regarding its stocks:
(Solved)
The following information was extracted from the books of Danex Holdings regarding its stocks:
Determine the following stock levels for Danex Holdings:
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iii. Minimum stock level
Date posted:
April 17, 2019
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Answers (1)
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(Solved)
What considerations should be given to Stock Level and its control?
Date posted:
April 17, 2019
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Answers (1)
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Outline the factors Affecting Stock Levels
(Solved)
Outline the factors Affecting Stock Levels
Date posted:
April 17, 2019
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Answers (1)
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(Solved)
A company has an annual demand for material “p” of 25,000 tons per annum. The cost price per ton is Ksh2, 000 and stock holding is 25% per annum of the stock value. Delivery cost per batch is Ksh400.
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Date posted:
April 17, 2019
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Answers (1)
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Outline the assumptions / limitation of Economic Order Quality
Date posted:
April 17, 2019
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Give objectives of Stock Control.
Date posted:
April 17, 2019
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Answers (1)
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Explain Average Weighted Cost Average as a method of Valuing Material Issues
Date posted:
April 17, 2019
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Answers (1)
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Explain Last In, First Out (LIFO) as a method of Valuing Material Issues
(Solved)
Explain Last In, First Out (LIFO) as a method of Valuing Material Issues
Date posted:
April 17, 2019
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Answers (1)
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Explain First In First Out (FIFO) as a method of Valuing Material Issues
(Solved)
Explain First In First Out (FIFO) as a method of Valuing Material Issues
Date posted:
April 17, 2019
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Answers (1)
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Date posted:
April 17, 2019
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Answers (1)
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(Solved)
Explain Just-in-time (JIT) systems
Date posted:
April 17, 2019
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Answers (1)