Answered step by step
Verified Expert Solution
Question
1 Approved Answer
SkyChels, Incorporated, prepares in flight meals for a number of mejor airines. One of the company's products is grilled saimon in dill sauce with boby
SkyChels, Incorporated, prepares in flight meals for a number of mejor airines. One of the company's products is grilled saimon in dill sauce with boby new potatoes and spring vegetables. During the most recent week, the compary prepared 5,100 of these meals using 2,000 direct labor hours. The company paid its direct fabor workers a total of $28,000 for this work, or $14,00 per hour. According to the standard cost card for this meal, it should require 0.40 direct labor thours at a cost of $13.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 5,100 meals? 2. What is the standard labor cost allowed (SH * SA) to prepare 5,100 meals? 3. What is the labor spending variance? 4. What is the Labor fate variance and the Labor efficiency variance? (For requirements 3 and 4 , indicate the effect of eoch variance by selecting "F" for taverable, "U" for unfavorable, and "None" for no effect (L.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below: The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalis that 52 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Required: 1. Determine the number of actual laborthours spent on tune-ups during the week. 2. Determine the actual hourly rate of pay for tune-ups last week. (Round your answer to 2 decimal places.)
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