My sumptuous padlet by https://padlet.com/vanessamyatt/euuzgqblx11635pv Variances en-us 2023-07-10 10:15:39 UTC 2023-07-12 10:52:19 UTC hello@padlet.com https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505560 This could be down to an increase in container shipping costs]]> 2023-07-12 10:39:30 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505560 Materials price https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505683 The variance in materials price could be caused by the demand of the material being high and as such price has been increased.]]> 2023-07-12 10:39:50 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505683 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505712 This may be due to a change in the skill of the workforce ]]> 2023-07-12 10:39:57 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505712 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505756 The materials price variance can be caused by market driven price changes due to materials shortage.]]> 2023-07-12 10:40:04 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505756 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505840 One reason there may be a variance in labour efficiency is due late arrival of materials resulting in workers having no work to do until the materials arrived.]]> 2023-07-12 10:40:15 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505840 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505997 The material price has increased as a higher quality of material has been purchased. ]]> 2023-07-12 10:40:36 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643505997 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506176 Higher skilled workforce may demand higher pay]]> 2023-07-12 10:40:59 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506176 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506217 A higher quality of material has been purchased so there is less wastage. ]]> 2023-07-12 10:41:05 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506217 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506226 This variance may be due to a change in quality of materials resulting in less waste of materials]]> 2023-07-12 10:41:07 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506226 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506274 This material variance price is a result of a bulk discount received at time of purchase.]]> 2023-07-12 10:41:15 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506274 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506318 The materials usage variance can be a result of low quality or high quality in materials used for production. ]]> 2023-07-12 10:41:18 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506318 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506485 A reason for material price increase is due to going through a new supplier, who charges more, as the old one has gone bust. ]]> 2023-07-12 10:41:47 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506485 Materials price variances can be caused by changes in the supply and demand of materials, fluctuations in the exchange rates, discounts or surcharges from suppliers, or errors in the standard price calculation. https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506493

]]> 2023-07-12 10:41:48 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506493 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506552 materials delivery delays could have happened causing more overtime to be necessary which would increase the rate]]> 2023-07-12 10:42:00 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506552 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506654 Could be an increase in waiting time, for deliveries or maintenance ]]> 2023-07-12 10:42:16 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643506654 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507191 There may be a breakdown of some machinery which increases idle time. ]]> 2023-07-12 10:42:44 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507191 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507410 A reason the material usage is higher is that the machines are starting to show their age and are producing more waste than they used to]]> 2023-07-12 10:42:54 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507410 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507580 new machines could have been introduced and the workers are not as familiar with the process so efficiency drops]]> 2023-07-12 10:43:20 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507580 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507645 An adverse overhead expenditure variance could be a result of increased rates due to inflation.]]> 2023-07-12 10:43:30 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507645 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507684 An increase in demand has led to more overtime being used which increases the labour rate. ]]> 2023-07-12 10:43:38 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507684 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507721 The minimum wage has increased during the period so all wages had to be increased]]> 2023-07-12 10:43:44 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507721 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507776 Labour rate variance can be driven by an increase in salary which has not been budgeted correctly or has not been considered when building the anual budget.]]> 2023-07-12 10:43:54 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507776 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507958 Less units have been produced than budgeted which means the fixed costs have been under absorbed. ]]> 2023-07-12 10:44:24 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643507958 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643508290 Labour efficiency variance can be driven by idle time.]]> 2023-07-12 10:45:07 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643508290 materials usage variance can be caused by a number of factors such as: Lack of due care in the use of materials; Defective production necessitating additional materials for correction; Inefficiency in production due to improper method or lack of necessary skill in workmen; Use of a material-mix other than the standard mix; Use of substitute material leading to poor quality; Improper maintenance of machine leading to breakdowns and more use of materials. https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643509248 2023-07-12 10:46:01 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643509248 https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643509530 Overhead price variance can be a result of increase in rent, electricity.]]> 2023-07-12 10:46:23 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643509530 Bringing outside temporary workers to achieve the outputs https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643511385 2023-07-12 10:50:02 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643511385 The employees may not have received written work instructions or there are a mix of employees involving different skill levels, which does not match the actual staffing or work progress requirement. Strikes also could be the cause, which we see very often nowadays. https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643512818 2023-07-12 10:52:19 UTC https://padlet.com/vanessamyatt/euuzgqblx11635pv/wish/2643512818