Give at Least Three Good Reasons Why an Unfavorable Efficiency

question 121

Essay

Give at least three good reasons why an unfavorable efficiency variance for direct manufacturing labor might be reported.

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Definitions:

Contract Remedies

Legal actions or compensation methods available to enforce, rectify, or compensate for the breach of a contract.

Express Agency

A principal-agent relationship formed by explicit written or oral agreement between the agent and the principal.

Implied Authority

Authority of an agent that is not explicitly stated but is deemed necessary to carry out express authority.

Duty of Performance

An obligation of a party in a contract to fulfill the terms and conditions as agreed within the contract.