Skychefs, inc., 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 6,700 of these meals using 1,300 direct labor-hours. the company paid its direct labor workers a total of $16,900 for this work, or $13.00 per hour.
according to the standard cost card for this meal, it should require 0.20 direct labor-hours at a cost of $12.50 per hour.
required:
1. what is the standard labor-hours allowed (sh) to prepare 6,700 meals?
2. what is the standard labor cost allowed (sh × sr) to prepare 6,700 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 (i. e., zero variance). input all amounts as positive values. do no round intermediate calculations.)
1. standard labor-hours allowed
2. standard labor cost allowed
3. labor spending variance
4. labor rate variance
5. labor efficiency variance
Answers: 3
Business, 22.06.2019 10:20
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 2
Business, 23.06.2019 01:30
Young owners of a sole proprietorship will likely not find financial support available from?
Answers: 2
Business, 23.06.2019 02:30
George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the duties of a:
Answers: 1
Business, 23.06.2019 03:00
What are the weak points of economic costs that are part of a free enterprise economy?
Answers: 1
Skychefs, inc., prepares in-flight meals for a number of major airlines. one of the company’s produc...
History, 15.12.2020 18:20
Mathematics, 15.12.2020 18:20
History, 15.12.2020 18:20
Mathematics, 15.12.2020 18:20
Mathematics, 15.12.2020 18:20
Social Studies, 15.12.2020 18:20
Social Studies, 15.12.2020 18:20
English, 15.12.2020 18:20
Biology, 15.12.2020 18:20
Mathematics, 15.12.2020 18:20
History, 15.12.2020 18:20
Mathematics, 15.12.2020 18:20