Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i just need help with question #3 exercise 9-5

I just need help with question #3 Exercise 9-5 (Algo) Direct...

80.2K

Verified Solution

Question

Accounting

I just need help with question #3
image
Exercise 9-5 (Algo) Direct Labor Variances [LO9-5] SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled saimon in cill sauce with baby new potatoes and spring vegetables. Duting the most recent week, the company prepared 3.500 of these meals using 950 direct labor-hours. The company paid its direct labor workers a total of $10,450 for this work, or $11.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor hours at a cost of $9.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 3,500 meals? 2. What is the standard labor cost allowed (SH SR) to prepare 3.500 meals? 3. What is the labor spending variance? 4. 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 (l.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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Programming
1.2K views

compare and contrast AdBlock for Chrome and AdBlock for IE(Clearly discuss the results Outline any limitations...

Mechanical Engineering
1.2K views

A 40 wt% Pb–60 wt% Mg alloy is heated to a temperature within the a liquid-phase...

Electrical Engineering
1.2K views

Please prepare a tutorial on what positive definite means from the point of control systems engineering....

Basic Math
1.2K views

Grace is an hourly employee, and the line that models her total pay in dollars...

Basic Math
1.2K views

Find the z-scores for which 28% of the distribution's area lies between - z and...

Algebra
1.2K views

14 Find an equation for the line which passes through the origin and is perpendicular...

Algebra
1.2K views

Quadratic Formula x bi b 4ac 1 What is 2 45 expressed in simplest radical...

Accounting
1.2K views

Assume the 2021 ending inventory of Shea's Shrimp Shack was understated...

Accounting
1.2K views

Elegant Decor Company's management is trying to decide whether to eliminate Department 200, which has...

Accounting
1.2K views

chp19 . please use complete sentences :) 1, Explain the difference between variable...

Finance
1.2K views

(2) ESRS.CA - Ezz Steel is trading at $100. The risk-free rate is 3.00%. A...

Accounting
1.2K views

Reviewing the illustration below. Which word fits best for C? Encrypted text Plain text Cipher...