Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Skychefs, Inc, prepares in-flight meals for a number of major alrlines. One of the company's products is grilled saimon with new potatoes and mixed vegetables.
Skychefs, Inc, prepares in-flight meals for a number of major alrlines. One of the company's products is grilled saimon with new potatoes and mixed vegetables. During the most recent week, the company prepored 6,600 of these meals using 1,950 direct loborhours. The compary poid its direct labor workers a total of $27,300 for this work, or $14,00 per hour. According to the standard cost card for this meat, it should require 0,30 direct labor-hours at a cost of $13.00 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 6,600 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 6,600 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency vartance? (For requirements 3 and 4 , Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero varlance). Input all amounts as positive values. Do not round intermediate calculations.)
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