Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 pts DI Question 4 Sono Ragazzi produces handmade gnocchi for local Italian restaurants. The company has the following standards for direct labor: Staff should

image text in transcribed
8 pts DI Question 4 Sono Ragazzi produces handmade gnocchi for local Italian restaurants. The company has the following standards for direct labor: Staff should be able to make 10 kilograms per hour and the labor wage rate is $9 per hour. For June, the company produced 15,000 kilograms of gnocchi. The direct labor workforce worked for 1.400 hours and the labor cost for the month was $13,600 Required: Compute the company's direct labor rate and efficiency variances. The direct labor rate variance is$ and is (favorable/unfavorable) The direct labor efficiency variance is $ and is (favorable/unfavorable)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Complete Guide

Authors: Gerardus Blokdyk

2023rd Edition

1038805538, 978-1038805539

More Books

Students also viewed these Accounting questions

Question

What are controls?

Answered: 1 week ago

Question

Different types of Grading?

Answered: 1 week ago

Question

Explain the functions of financial management.

Answered: 1 week ago

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago