Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Affordable Electronics Inc, manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have
Affordable Electronics Inc, manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows: During July, 9,250 hours of direct labour time were recorded to make 20,000 units. The direct labour cost totalled $101,750 for the month. Required: 1-a. What direct labour cost should have been incurred to make the 20,000 speakers? (Do not round intermediate calculations.) 1-b. By how much 'does direct labour cost differ from the cost that was incurred? (Indicate the effect of variance by selecting "F" for favourable, " U " for unfavourable, and "None" for no effect (i.e., zero variance).)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started