Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PhY Problem 20 Thomas Paine is the dining room manager of the Athens Club. The wages budget for his department is divided between fixed and
PhY Problem 20 Thomas Paine is the dining room manager of the Athens Club. The wages budget for his department is divided between fixed and variable expenses. The work standard for waitpersons is to serve 10 members per hour. The average wage rate per hour is $8.00. The variable wages budget for waitpersons for June is based on $8.00 per hour, eight-hour shifts, 30 days in the month, and an average of eight waitpersons per day. During the month of June, the waitpersons' wages totaled $17,000 for 2,000 hours of work. The waitstaff served 24,000 members. Required: 1. Determine the following table: 536 Chapter 10 Total Hourly Rate Hours Customers eucd Budget Actual Difference 2. Explain whether the budget variance determined above is significant. Assume vari- ance significance criteria of 5 percent and $1,000 3. Rate Paine's performance in managing the waitpersons. Support your discussion with specific numbers 4. What is the volume variance for variable wage expense for the waitstaff for the month of June? 5. What was the budgeted waitstaff cost per cover and how does it compare with the actual
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