Sed 20 0.47 Book H Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows Standard at Standard Standard Moura per mour Coet $6.00 $2.40 During August, 8.480 hours of direct labor time were needed to make 19.900 units of the Jogging Mate. The direct labor cost totaled $50,032 for the month Required: 1 What is the standard labor hours allowed (SH) to makes 19,900 Jogging Mates? 2. What is the standard labor cost allowed (SHSR) to make 19,900 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.50 per direct labor hour During August, the company incurred $45.792 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. (For requirements through S. Indicate the effect of each variance by selecting "F* for favorable. "U" for unfavorable, and "None" for no effectie, vero variance). Input all amounts as positive values. Do not round intermediate calculations.) Sundard labor hours wowed 2. Standard shorelowed Labor pending are les free Laboratory wine Www warstwa S.Valencia None U 1. Standard labor-hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance 4. Labor efficiency variance 5. Variable overhead rate variance 5. Variable overhead efficiency variance 19 0.47 points SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in die sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 7,200 of these meals using 2,800 direct labor-hours. The company paid its direct labor workers a total of $22,400 for this work or $8.00 per hour. According to the standard cost card for this meal, it should require 0.40 direct labor-hours at a cost of $7.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 7,200 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 7,200 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance), Input all amounts as positive values. Do not round intermediate calculations.) I OLO Peint 1. Standard labor hours allowed 2. Sudad labor contained 3. Labor spending variante 4. Laborate variance 4. Laborecency variance ferences
