Homework Answers
Required 1:
- Standard labor hours allowed = 4,800 meals * 0.30 = 1,440 hours
Required 2:
- Standard labor cost allowed = 1,440 * $12.50 = $18,000
Required 3:
- Labor spending variance = $18,000 - $18,200 = $200 Unfavorable
Required 4:
- Labor rate variance = (Standard rate - Actual rate) * Actual hours
= ($12.50 - $13) * 1,400
= $700 Unfavorable
- Labor efficiency variance = (Standard hours - Actual hours) * Standard rate
= (1,440 - 1,400) * $12.50
= $500 Favorable
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SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products...
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 4,800 of these meals using 882 direct labor-hours. The company paid its direct labor workers a total of $10,143 for this work, or $11.50 per hour. According to the standard cost card for this meal, it should require 0.20 direct labor-hours at a...
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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 4,800 of these meals using 2,350 direct labor-hours. The company paid its direct labor workers a total of $23,500 for this work, or $10.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a...
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