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Idle time variance is a difference between budgeted hour for work and actual worked hours multiplied by the standard wage rate.

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โˆ™ 2010-11-10 17:40:53
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Q: How do you identify the idle time variance?
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machine breakdown, non ability material, illness


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Is idle capacity variance due to an increase or decrease in the volume of production?

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What difference between a favorable variance and an unfavorable variance?

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These terms are normally used in Cost Accounting. Idle time means the time for which labor is paid but no production is made.Avoidable idle time means the idle time which could be avoided by the management. For example due to shortage of raw material, due to insufficient job schedules.Unavoidable idle time means the idle time which could not be avoided by the management. For example due to sudden breakdown of machine, due to strike by suppliers causing shortage of raw material.Treatment:The cost of avoidable idle time becomes the part of indirect cost and the cost of avoidable idle time becomes the part of direct cost.


Which is not a measure of dispersion range or variance?

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What is Assumptions for Variance Heterogeneous?

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What is Assumptions for Variance Homogeneous?

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What is CPU idle time?

Time when your CPU(Central Processing Unit) is idle(not being used by any program).


What factors causes Budget Variance?

There are 7 variances associated with a budget ( which are generally calculated for controlling purposes) 1- Material Price variance 2- Material Quantity variance 3- Labor rate variance 4- Labor efficiency variance 5- Spending variance 6- Efficiency variance 7- Capacity variance


What is idle time on AIM?

idle means when Ur not using the computer or moving your mouse


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Divide the total number of incidents by the total time. The result, representing the average number of incidents per unit of time, is the mean as well as the variance of the Poisson distribution.


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Since Variance is the average of the squared distanced from the mean, Variance must be a non negative number.


Describe a time when you had to identify a customer's need?

Describe a time when you had to identify a customer's need


What is the variance 54 and 29?

The variance for 54 and 29 is: 312.5


What is the variance of 71 21 72 227?

The variance is: 7,991.58333333


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The variance is: 1.6709957376e+13


Is sample variance unbiased estimator of population variance?

No, it is biased.