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Reasons for material usage ratio differences (4)
- training and experience factors
- quality of materials
- poor supervision
- production efforts
Direct materials usage variance
The difference between the actual raw material units used during the period and the standard units that should have been used during the period multiplied by the standard cost per unit of the direct material
Direct labor rate variance
Difference between the actual and the standard wage rate multiplied by the actual direct labor hours worked
Direct labor efficiency variance
Difference between total direct hours worked and total standard direct labor hours multiplied by standard direct labor rate
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