An unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.
<h3>What do you mean by material quantity variance?</h3>
The material quantity variance refers to the difference between the standard amount and the actual amount of materials used in the production process.
The material quantity variance yield unusual results as it is based on a standard unit quantity that is not even close to the actual usage.
Therefore, an unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.
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Below is the complete list of items in processing for 5,000 gallons:
Direct material rate for 5,000 gallons is $5,000,While the conversion rate for 5,000 gallons in 70% completed is 1,225.Total Complete list of the items in process is $6,225Direct Materials cost for 60 gallons is 66,000,Direct labor rate is 10,500factory overhead applied for the month is 7,275 therefore, total production cost is amounting to $90,000
<u>Answer:</u>
<em>a. Initiating structure leadership behaviour</em>
<em>b. The leader-member exchange model</em>
Explanation:
Maximizing output and completing tasks is one of the main focus of initiating structure leadership behaviour because it analyses how a leader delegates tasks to subordinates while also been considerate to them.
In the leader-member exchange model two words that come to mind is trust and respect .
This leadership model explains that the way leaders (managers) treat their subordinates would affect how they behave at work.
Answer:
profit sharing
Explanation:
profit-sharing plan can be regarded as retirement plan which is designed to let an employee to have a share in the profits of a firm. In this particular plan some percentage of the profit made by the company,firm can be received by the employee using the quarterly or annual earnings of the employee as the basis.
The answer is focus strategy. Focus strategy is commonly employed
wherein a company has proper knowledge of its segment and has a vast of goods
to competitively fulfill its desires. There are three generic marketing
strategies namely focus strategy, differentiation strategy and the low cost
strategy.