Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 10-2(algo) direct labor variances [l010-2

Exercise 10-2(Algo) Direct Labor Variances [L010-2] SkyChefs, Incorporated, prepares in-flight...

50.1K

Verified Solution

Question

Accounting

Exercise 10-2(Algo) Direct Labor Variances [L010-2]
SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon with
mixed vegetables. During the most recent week, the company prepared 3,400 of these meals using 1,300 direct labor-hours. The
company paid its direct labor workers a total of $16,900 for this work, or $13.00 per hour.
According to the standard cost card for this meal, it should require 0.40 direct labor-hour at a cost of $12.00 per hour.
Required:
What is the standard labor-hours allowed (SH) to prepare 3,400 meals?
What is the standard labor cost allowed ) to prepare 3,400 meals?
What is the labor spending variance?
What are the labor rate variance and the labor efficiency variance?
Note: For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and
"None" for no effect (i.e., zero variance). Input all amounts as positive values.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

a.explain why stratifying the sampling in order to control the effect of other factors is not...

Economics
1.2K views

The several variations on inflation?

Biology
1.2K views

The following data are simulated for a 200 mg dose of a drug given p.o. and...

Basic Math
1.2K views

Compute in excel A college admission officer for an MBA program determines that historically candidates have undergraduate...

Accounting
1.2K views

The following account balances were taken from ABC Company’s unadjusted trial balance at December 31, 2020: Accounts...

Basic Math
1.2K views

Each voter in a county is given a number that uniquely identifies them. A computer...

Calculus
1.2K views

6 Find all vertical and horizontal asymptotes of the function 3 x a x b...

Calculus
1.2K views

10 Given y f x CSc cot In 9x

Accounting
1.2K views

RWP121 (Algo) Great Adventures Continuing CaseSkip to question [The following information applies to the...

Accounting
1.2K views

8. Antoine Anatole accepted a $256,000, four-year, non-interest-bearing note receivable upon a sale. The current...

Accounting
1.2K views

Accounting
1.2K views

Exercise 247 Journalize the following business transactions in general journal form. Identify each transactic by...