Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Green Apron is a popular weekly meal delivery service which provides healthy and diverse meals to its customers. One of the most popular meals is

image text in transcribed
Green Apron is a popular weekly meal delivery service which provides healthy and diverse meals to its customers. One of the most popular meals is crispy parmesan chicken served with garlic herb couscous, and lemony roasted carrots. During the most recent week, the company prepared 6,200 of these meals using 1.200 direct labor-hours. The company paid its direct labor workers a total of $10,800 for this work, or $9.00 per hour. According to the standard cost card for this meal, it should require 0.20 direct labor-hours at a cost of $8.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 6,200 meals? 2. What is the standard labor cost allowed (SH SR) to prepare 6,200 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. 2 3 Standard labor-hours allowed Standard labor cost allowed Labor spending variance Labor rate variance Labor efficiency variance 4

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

The Sixth International Congress On Accounting 1952

Authors: Various

1st Edition

0367512807, 9780367512804

More Books

Students also viewed these Accounting questions