Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Commercial Solutions Company: Commercial Solutions Company manufactures a cleaning solvent. The company employs both skilled and unskilled workers. To produce one 55 -gallon drum of

image text in transcribed
Commercial Solutions Company: Commercial Solutions Company manufactures a cleaning solvent. The company employs both skilled and unskilled workers. To produce one 55 -gallon drum of solvent requires Materials A and B as well as skilled labor and unskilled labor. The standard and actual material and labor information is presented below: Standard: Material A: 30.25 gallons @ $1.25 per gallon Material B: 24.75 gallons @ $2.00 per gallon Skilled Labor: 4 hours @ \$12 per hour Unskilled Labor: 2 hours @ \$7 per hour Actual: Material A: 10,716 gallons purchased and used @ $1.50 per gallon Material B: 17,484 gallons purchased and used @ $1.90 per gallon Skilled labor hours: 1,950 @ \$11.90 per hour Unskilled labor hours:1,300@ $7.15 per hour During the current month Commercial Solutions Company manufactured 500 55-gallon drums. Round all answers to the nearest whole dollar. Refer to Commercial Solutions Company. What is the labor mix variance? Select one: a. $1,083F b. $1,083U c. $2,588U d. $2,588F Commercial Solutions Company: Commercial Solutions Company manufactures a cleaning solvent. The company employs both skilled and unskilled workers. To produce one 55 -gallon drum of solvent requires Materials A and B as well as skilled labor and unskilled labor. The standard and actual material and labor information is presented below: Standard: Material A: 30.25 gallons @ $1.25 per gallon Material B: 24.75 gallons @ $2.00 per gallon Skilled Labor: 4 hours @ \$12 per hour Unskilled Labor: 2 hours @ \$7 per hour Actual: Material A: 10,716 gallons purchased and used @ $1.50 per gallon Material B: 17,484 gallons purchased and used @ $1.90 per gallon Skilled labor hours: 1,950 @ \$11.90 per hour Unskilled labor hours:1,300@ $7.15 per hour During the current month Commercial Solutions Company manufactured 500 55-gallon drums. Round all answers to the nearest whole dollar. Refer to Commercial Solutions Company. What is the labor mix variance? Select one: a. $1,083F b. $1,083U c. $2,588U d. $2,588F

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

Modern Auditing

Authors: William C. Boynton, Walter G. Kell

6th Edition

0471596876, 9780471596875

More Books

Students also viewed these Accounting questions

Question

3. What would you do now if you were Mel Fisher?

Answered: 1 week ago

Question

14.3 Explain WHMISlegislation.

Answered: 1 week ago