Seeder Co. makes organic non-GMO seed packets for the gardener market. The standard labor to...

70.2K

Verified Solution

Question

Accounting

Seeder Co. makes organic non-GMO seed packets for the gardener market. The standard labor to count and assemble each packet is 0.05 hours at a cost of $17.85 per hour. Johnson Co. budgeted to make 65,000 seed packets but due to high demand, they ended up making 73,000 packets. They paid $316,008 for 18,480 hours of packet assembly time.

What is their labor cost variance for this period? Enter a favorable variance is a positive number and an unfavorable variance as a negative number.

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