Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Johnson Co . makes organic non - GMO vegetable seed packets for the chef / gardener market. The standard labor to count and assemble each

Johnson Co. makes organic non-GMO vegetable seed packets for the chef/gardener market. The standard labor to count and assemble each packet is 0.13 hours at a cost of $16.85 per hour. Johnson Co. budgeted to make 65,000 seed packets but due to high demand, they ended up making 69,000 packets. They paid $316,008 for 18,480 hours of packet assembly time.
What is their labor cost variance for this period? Enter a favorable variance is a positive number and an unfavorable variance as a negative number.
Enter as a whole number, no commas and no dollar signs.

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

Financial Accounting

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thomas, W. Morley Lemon, Catherine Seguin, Sandra Robertson Lemon

4th Canadian Edition

0131384333, 9780131384330

More Books

Students also viewed these Accounting questions

Question

What are the outcomes the client wants?

Answered: 1 week ago

Question

What has been done before?

Answered: 1 week ago