Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please comment answers in comments Affordable Electronics Inc, manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs.
please comment answers in comments
Affordable Electronics Inc, manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows: Standard Hours 18 minutes (0.30 hours) Standard State per le $19.00 Standard Cost $5.70 During July, 8,880 hours of direct labour time were recorded to make 29,000 units. The direct labour cost totalled $174,936 for the month Requirect 1-3. What direct labour cost should have been incurred to make the 29,000 speakers? (Do not round intermediate calculations.) Direct labour cost 1-b. By how much does direct labour cost differ from the cost that was incurred? (Indicate the effect of variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (.e., zero variance).) To variance 2. Break down the difference in cost from requirement 1-b above into a labour rote variance and a labour efficiency variance. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (ie, zero variance).) Labour rate variance Labour officiency vanance 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