Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with part 2 Exercise 10-2 Direct Labor Variances LO10-2] SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the

image text in transcribedimage text in transcribed

please help with part 2

Exercise 10-2 Direct Labor Variances LO10-2] SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 5,600 of these meals using 2,700 direct labor-hours. The company paid these direct labor workers a total of $21,600 for this work, or $8.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a cost of $7.50 per hour. Required: 1. According to the standards, what direct labor cost should have been incurred to prepare 5,600 meals? How much does this differ from the actual direct labor cost? (Round labor-hours per meal and labor cost per hour to 2 decimal places Number of meals prepared 5,600 Standard direct labor-hours per meal 0.50 Total direct labor-hours allowed 2,800 Standard direct labor cost per hour 7.50 Total standard direct labor cost 21,000 Actual cost incurred 21,600 Total standard direct labor cost 21,000 S 600 Unfavorable Total direct labor variance

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

More Books

Students also viewed these Accounting questions