Help with #1 and #2. 1. For each of the following variances, state which manager
ID: 2400773 • Letter: H
Question
Help with #1 and #2.
1. For each of the following variances, state which manager is most likely to be responsible for the varian Variance Responsible Manager Direct Materials Efficiency Direct Labor Cost ndiyo Variable Overhead Efficiency 2. For each of the following variances, state which manager is most likely to be responsible for the variand Variance Responsible Manager Direct Materials Cost Direct Labor Efficiency Variable Overhead Efficiency 3. Bentz Fashions uses standard costs for its manufacturing division. From the following data, calculate the fixed overhead variance. Actual fixed overhead $36,000Explanation / Answer
1) Responsible for :
a. DMEV = The production supervisors are responsible for the material efficiency variance because they direct and controls the usage of the materials in the workshop by workers.
b. DLCV = The production / labor supervisors carries the responsibility for keeping control over the labor price variances.
c. VOEV = The department's manager is responsible for the overseen and controlling the variability of the overheads and controlling the same.
2) Responsible for :
a) DMCV = The Material Purchase Manager is responsible for material price/cost variances because he is responsible for locating and purchasing materials as per the budget provided.
b) DLEV = The Production Supervisor is responsible for the usage of the labor on the work-station and controlling the labor's maximum effective use.
c. VOEV = The department's manager is responsible for the overseen and controlling the variability of the overheads and controlling the same.
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