Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cocina en la Nube, Inc., prepares meals for flights for several major airlines. One product of the company is grilled salmon in dill sauce with

Cocina en la Nube, Inc., prepares meals for flights for several major airlines.

One product of the company is grilled salmon in dill sauce with chambray potatoes and spring vegetables.

The standard cost sheet for this dish reflects the following:

Standard labor time 0.36 hours per meal
Standard labor rate $10 per hour

In the last week, the company prepared 2,624 meals of this dish. Below is information related to the preparation of these 2624 meals:

Total labor hours incurred 850 hours
Real labor rate $13 per hour

REQUIRED: Determine the TOTAL labor variance (how much higher or lower the actual total cost is compared to the standard total cost). If the variation is favorable the response must be positive (example 100) and if it is unfavorable the response must be negative (example -100). YOU MAY USE TWO DECIMALS IN YOUR ANSWER.

Answer:

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

Accounting and Auditing Research Tools and Strategies

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

9th edition

1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915

More Books

Students also viewed these Accounting questions