Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 9-5(algo) direct labor variances [l09-5]

Exercise 9-5(Algo) Direct Labor Variances [L09-5] SkyChefs, Incorporated, prepares in-flight...

60.1K

Verified Solution

Question

Accounting

Exercise 9-5(Algo) Direct Labor Variances [L09-5]
SkyChefs, Incorporated, prepares in-flight 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 4,800 of these meals
using 1,400 direct labor-hours. The company paid its direct labor workers a total of $18,200 for this work, or $13.00 per hour.
According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $12.50 per hour.
Required:
What is the standard labor-hours allowed (SH) to prepare 4,800 meals?
What is the standard labor cost allowed (SHSR) to prepare 4,800 meals?
What is the labor spending variance?
What is the labor rate variance and the labor efficiency variance?
(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. Do not round intermediate calculations.)
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

Finance
1.2K views

Describe the difference between a line item budget and a performance budget

Basic Math
1.2K views

Use of Multiple Sample Hypothesis Tests In an hospital setting, when might you want to know...

Psychology
1.2K views

Some people argue that everyone is ultimately an ethical egoist. What do they mean by this?...

Biology
1.2K views

Question 2 Points 1 Which was the first means of mass communication to appear in...

Biology
1.2K views

COLL 232 94 352 CW 04 10 Intro to climate 28 159 8 key J...

Physics
1.2K views

12 What is your observation when two source are emitting sound with frequency 499 Hz...

Calculus
1.2K views

sing Match the point in polar coordinates with either A B C or D on...

Calculus
1.2K views

Find the equation of the tangent line to the curve y x x at the...

Algebra
1.2K views

Consider3x + 3y + 3z=- 3k4y + 8z= -4x + 4y +7z = 4ka) Using...

Accounting
1.2K views

If there is a competitive outside market for the transferred product, then the best transfer...

Accounting
1.2K views

Prepare a statement of cash flows for the year ended December 31, 2018 using the...

Finance
1.2K views

1. The diameter of a brand of tennis balls is approximately normally distributed, with a...