The management of Club Soho would like to analyze its wages budget. The budgeted time...
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The management of Club Soho would like to analyze its wages budget. The budgeted time and wage rate for servers was 400 hours and $12.00 per hour respectively. During this period, the actual server wages totaled $5,200 with an average rate of $11.50 per hour. The actual number of hours worked was roughly 452 hours. Also, the allowable time for actual output for restaurant staff to perform actual work is calculated as 420 hours. Based on the information given above, run a complete variance analysis for variable labor by indicating variance conditions for each of the variable labor variance components. $400 (U) variable labor budget variance, - $240 (U) volume variance, $200 (F) rate variance, - $384.00 (U) efficiency variance, and -$26.00 (F) rate-time variance $500 (U) variable labor budget variance,-$240 (U) volume variance, $250 (F) rate variance. - $410.00 (U) efficiency variance, and - $20.00 (F) rate-time variance $480 (U) variable labor budget variance,-$290 (U) volume variance, $300 (F) rate variance, - $344.00 (U) efficiency variance, and - $22.00 (F) rate-time variance $550 (U) variable labor budget variance. -$380 (U) volume variance. $240 (F) rate variance. -$515.00 (U) efficiency variance, and - $26.00 (F) rate-time variance
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