Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The New City Sanitation Department uses hourly mechanics to repair and maintain its collection trucks. Their regular hourly rate is $40, although they sometimes get

image text in transcribed
The New City Sanitation Department uses hourly mechanics to repair and maintain its collection trucks. Their regular hourly rate is $40, although they sometimes get paid more per hour if they have to work evenings or weekends. The repair budget assumes repair jobs for 6 trucks during the month of May. It also assumes that the mechanics will work 30 hours in total, and that all work will be paid at the regular hourly rate. In fact, the department spent $1,350 repairing 7 trucks, and workers spent 4.5 hours on each job. Fill in the following blanks: Note: Be sure to indicate unfavorable variances with a negative sign, e.g.-54.67. Do not use parentheses. Round your numbers to TWO decimal places, e.g. 54.12] A) The volume variance is $ B) The quantity variance is $ C) The price variance is $ D) How much did the department actually pay per hour?$ E) How many hours did the department budget to spend to repair a truck on average? Of the 3 variances you calculated above, how many were favorable? [write 0 or 1 or 2 or 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Accounting St Louis Community College At Meramac

Authors: Phillips/Libby/Libby

3rd Edition

007745412X, 978-0077454128

More Books

Students also viewed these Accounting questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago