Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 9-5 (algo) direct labor variances [lo9-5]

Exercise 9-5 (Algo) Direct Labor Variances [LO9-5] Skychefs, Incorporated, prepares in-filght meals for a number...

80.2K

Verified Solution

Question

Accounting

image
Exercise 9-5 (Algo) Direct Labor Variances [LO9-5] Skychefs, Incorporated, prepares in-filght meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 5,600 of these meals using 2,700 direct labor-hours. The company paid its direct labor workers a total of $21,600 for this work, or $8.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a cost of $7.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 5,600 meals? 2. What is the standard labor cost allowed (SH SR) to prepare 5,600 meals? 3. What is the labor spending variance? 4. What is the labor fate variance and the labor efficiency variance? (For requirements 3 and 4 , indicate the effect of each variance by selecting " F " for favorable, " C " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

An orthogonal cutting operation is being conducted with the following parameters: width of cut =1mm; depth of...

Mechanical Engineering
Q

4 In the circuit shown resistance reactance of R L respectively The and C are...

Physics
Q

our Turn Tell whether lines m and n must be parallel from the given information...

Geometry
Q

3 Question 8 Instructor created question suming that b is positive solve the following equation...

Calculus
Q

Consider the function f(x) = 2x + 3x - 4 on the closed interval [-2,...

Calculus
Q

An aerial tram takes passengers from an elevation of 6319 ft to an elevation of...

Algebra
Q

You have been given the following information about Blue Spruce Co. Ltd., which uses a...

Accounting
Q

Please help me with this problem, I spenf more than 2 hours trying to solve...

Accounting
Q

The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and...

Accounting
Q

Sales-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Green Lawn...

Accounting
Q

Chelsea Company is a sole proprietorship. Ashley, Incorporated is a corporation. Which company would report...

Accounting
Q

QS 21-16 (Algo) Volume variance LO P4 Compute the volume variance and identify it as...

Accounting