Question
Cooking in the Cloud, Inc., prepares meals for the flights of several major airlines. One product of the company is grilled salmon in dill sauce
Cooking in the Cloud, Inc., prepares meals for the flights of several major airlines. One product of the company is grilled salmon in dill sauce with cambray potatoes and spring vegetables.
The standard cost sheet for this dish reflects the following:
Standard labor time | 0.48 hours per meal |
Standard labor rate | $15 per hour |
Last week, the company prepared 4040 meals of this dish. The following is information related to the preparation of these 4040 meals:
Total labor hours incurred | 1745 hours |
Actual labor rate | $19 per hour |
REQUIRED: Determine the TOTAL labor variance (how much higher or lower is the actual total cost compared to the standard total cost). If the variance is favorable, the answer should be positive (e.g., 100), and if it is unfavorable, the answer should be negative (e.g., -100). YOU CAN USE TWO DECIMALS IN YOUR ANSWER."
Answer:_________________
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