Score: 0 of 1 pt 1 of 2 (1 complete) HW Score: 40.24%, 0.8 of 2 pts P7-42 (similar to) Question Help Senior Corn Hole is a small business that Kenny Morris developed while in college. He began building wooden corn hole game sets for friends, hand painted with college colors and logos. As demand grew, he hired some workers and began to manage the operation. Senior Corn hole maintains two departments: contstruction and painting. In the construction department, the games require wood and labor. Senior Corn Hole has some employees who have been with the company for a very long time and others who are new and inexperienced. (Click the icon to view more information.) Read the requirements. Requirement 1. For the construction department, calculate the price and efficiency variances for the wood and the price and efficiency variances for direct manufacturing labor. Label each variance as favorable (F) or unfavorable (U). Begin by calculating the price and efficiency variances for the wood. Price variance U Efficiency variance F lonad while in collocs Hobocan buildina wooden corn bolo como coto for friondo band nainted ht, i More Info P. tim Senior Corn Hole uses standard costing for the game sets. Kenny expects that a typical set should take 3 hours of labor in the construction department, and the standard wage rate is $10.00 per hour. An average set uses 23 square feet of wood, allowing for a certain amount of scrap. Because of the nature of the wood, workers must work around the flaws in the materials. Kenny shops around for good deals and expects to pay $3.70 per square foot. Kenny does not store inventory, and buys the wood as he receives an order. For the month of September, Kenny's workers produced 50 corn hole sets using 159 hours and 1,800 square feet of wood. Kenny bought wood for $6,200 (and used the entire quantity), and incurred labor costs of $1,440. Print Done Clear All