Question

Is there a relationship between direct materials variances and direct labor variances?

Answer 1

Let's assume that a lower costing material is purchased in order to achieve a favorable materials price variance. If the materials have some negative attributes, it is possible that an unfavorable materials usage variance could result. If the materials' attributes cause additional labor hours, then an unfavorable direct labor efficiency variance will result. If the materials required more experienced labor, it is possible that a labor rate variance will also occur.

Answer 2

Answer:

Explanation:

Farmers: Farmers are the persons who are engaged in agricultural activities and produce crops in some piece of land. They may or may not be owners of the land, but generally, in the economy, we consider them as the owner of the land. Their land can be cultivated by themselves or by labourers hired by them.

Farm Labourers: Farm labourers are the persons who work for the owner of the land in the fields and produce crops. They work on the basis of daily or monthly wages which are distributed by the owner of the land to earn their livelihood. They are either landless farmers or small farmers who have very less land for cultivation.