Question
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:
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