Grand Canyon ACC 350 Module 4 DQ Flexible Budgets and Standard Costs

ACC-350 | Flexible
Budgets and Standard Costs
Topic 4 DQ 1
Respond to Ethical Issue 23-1 found at the end
of chapter 23 in the textbook. Topic 4 DQ 2
Choose one of the
following variance types, and give an example of what it indicates about a
company’s operations:

Favorable direct materials
price variance
Favorable direct materials
quantity variance
Favorable direct labor rate
variance
Favorable direct labor
efficiency variance
Favorable variable
manufacturing overhead rate variance
Favorable variable
manufacturing overhead efficiency variance
Unfavorable direct materials
price variance
Unfavorable direct materials
quantity variance
Unfavorable direct labor rate
variance
Unfavorable direct labor
efficiency variance
Unfavorable variable
manufacturing overhead rate variance
Unfavorable variable
manufacturing overhead efficiency variance

Choose a variance that
has not been chosen by another one of your classmates, or provide an
explanation that differs from those explained by your classmates. Participate
in follow-up discussion by challenging your classmates’ posts, expanding upon
your classmates’ posts, and/or providing additional alternatives with regard to
reasons for the variances.