Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Honey Bee Company is a new startup with an in - house manufacturing facility. The company produces organic jars of honey for distribution to
The Honey Bee Company is a new startup with an inhouse manufacturing facility. The company produces organic jars of honey for distribution to boutique stores across the US The production manager worked closely with the accounting team at the start of the year to establish standard costs for labor. The production manager anticipates increased efficiency as the year progresses once the manufacturing facility and scheduling processes are optimized.
The following Tableau dashboard presents the standard cost the Honey Bee Company anticipated for each month in The standard is measured against the actual performance to determine if the company met its anticipated rate. The charts on this dashboard are interactive. Clicking on a month will filter or highlight the data in the other charts. Additional information is contained in the pop up boxes also known as tool tips when you hover over a section of the chart.
Use the information from the visualization to answer the following questions. Required:
Which month had the highest unit sales thus far for
multiple choice
February
April
May
June
Which of the following describes the trend for ingredient cost through the year?
multiple choice
Ingredient cost gradually increased throughout the year.
Ingredient cost gradually decreased throughout the year.
Ingredient cost remained constant through the year.
Ingredient cost randomly changed through the year.
Which type of expense accounts for the largest cost to produce its products?
multiple choice
Ingredients
Packaging
Labor
All costs are equal.
What was the highest, unfavorable labor cost percentage variance thus far for
multiple choice
Overall, which statement best describes the labor cost variances for the first six months of the year for Honey Bee Company?
multiple choice
Labor cost variances were mostly favorable, with only one month experiencing an unfavorable labor cost variance.
The companys expectation that labor cost would decline the longer the factory is open appears to be mostly true.
The company experienced its most favorable labor cost variance in the month of April and its most unfavorable labor cost variance in the month of May.
The standard for labor cost increases month to month to account for the expected increase in labor cost the longer the factory is open.
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