Labor Efficiency Variance
30.6 هزار بار بازدید -
6 سال پیش
-
This video shows how to
This video shows how to calculate the labor efficiency variance.
The labor efficiency variance is the difference between:
(1) actual labor hours * standard wage rate
and
(2) standard labor hours * standard wage rate
This is sometimes abbreviated as: (AH * SR) - (SH * SR)
If the company has used more labor hours than it should have (according to the standard, which is set by management), then the labor efficiency variance is unfavorable. An unfavorable variance could occur if the employees are poorly trained or experience significant amounts of idle time due to machines breaking down or a lack of demand for the company's products.—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
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The labor efficiency variance is the difference between:
(1) actual labor hours * standard wage rate
and
(2) standard labor hours * standard wage rate
This is sometimes abbreviated as: (AH * SR) - (SH * SR)
If the company has used more labor hours than it should have (according to the standard, which is set by management), then the labor efficiency variance is unfavorable. An unfavorable variance could occur if the employees are poorly trained or experience significant amounts of idle time due to machines breaking down or a lack of demand for the company's products.—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*Patreon: prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast...
* Spotify: https://open.spotify.com/show/4WaNTqV...
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* TikTok: prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: Facebook: Edspira
* Instagram: Instagram: edspiradotcom
* LinkedIn: LinkedIn: edspira
—
CONNECT WITH MICHAEL
* Twitter: Twitter: Prof_McLaughlin
* LinkedIn: LinkedIn: prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
6 سال پیش
در تاریخ 1397/08/08 منتشر شده
است.
30,623
بـار بازدید شده