Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Amy Howe is the dining room manager of the Marathon Club. The wages budget for her department is divided between fixed and variable expenses. The
Amy Howe is the dining room manager of the Marathon Club. The wages budget for her department is divided between fixed and variable expenses. The work standard for waitpersons is to serve 12 members per hour. The average wage rate per hour is $6.00. The variable wages budget for waitpersons for June is $14,400 based on S6.00 per hour, eight-hour shifts, 30 days in the month, and 10 waitpersons. Given the work standard, this is also based on servicing 28,800 people. During the month of june, the waitperson wages totaled $15,600. During June, 2,500 hours were worked, and the average hourly pay was $6.24 per hour. In addition, 29,200 members were provided service by the waitpersons Required: 1. Determine the budget variance for waitperson variable wage expense. 2. Determine the volume variance. 3. Determine the efficiency variance. 4. Determine the rate variance. cvarable) Labor expnge Var.an.e exence varante Budget variance Bdget laber exp. -Actuel laber x Vlume variance BR x (BT-ATAC) Rate voriance crency vanave BR (A TAO -AT)
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