Answered step by step
Verified Expert Solution
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
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 7,200 of these meals using 3,500 direct labor-hours. The company paid its direct labor workers a total of $31,500 for this work, or $9.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a cost of $8.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 7,200 meals? 2. What is the standard labor cost allowed (SH ~ SR) to prepare 7,200 meals? 3. What is the labor spending variance? What is the labor rate variance and the labor efficiency ance? (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. Standard labor-hours allowed 2. 3. Standard labor cost allowed Labor spending variance Labor rate variance 4. Labor efficiency variance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started