Reference no: EM13839013
AirMeals, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is stuffed cannelloni with roasted pepper sauce, fresh baby corn, and spring salad. During the most recent week, the company prepared 8,000 of these meals using 1,640 direct labor-hours. The company paid these direct labor workers a total of $16,646 for this work, or $10.15 per hour.
According to the standard cost card for this meal, it should require 0.21 direct labor-hours at a cost of $9.90 per hour.
Required:
1 a. According to the standards, what direct labor cost should have been incurred to prepare 8,000 meals? (Omit the "$" sign in your response.)
Total standard direct labor cost $......
1 b. How much does this differ from the actual direct labor cost? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)
Spending variance $........
2. Break down the difference computed in (1) above into a labor rate variance and a labor efficiency variance. (Input all amounts as positive values. Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)
Labor rate variance $.......
Labor efficiency variance $......
|
An economist for the vanda-laye corporation
: You are an economist for the Vanda-Laye Corporation, which produces and distributes outdoor cooking supplies. The company has come under new ownership and management and will be undergoing changes in its product lines and operating structure. As an e..
|
|
Len inn-consolidated financial statements
: Question:Discuss the differences that would arise in the consolidated financial statements if the non-controlling interests were classified as debt rather than equity, and the reasons the standard setters have chosen the equity classification in A..
|
|
Why study economics in information age
: Why study Economics in Information Age? What is the difference between Macroeconomics and Microeconomics? Give examles to substantiate your answer.2-Why does the demand curve slope down? Why does the supply curve slope up? Give examples.
|
|
Compare the number of admissions in st mary
: Using the Minnesota hospitals admission by care unit database for the year 2012, our topic is to compare the number of admissions in St. Mary's and the University of Minnesota hospital center. We chose these two organizations because of their impo..
|
|
How much does this differ from the actual direct labor cost
: How much does this differ from the actual direct labor cost? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavor..
|
|
Regional and local tax strategy drives supply chain
: Regional and local tax strategy drives supply chain in regards to property, value-added, inventory and income taxes. Property tax incentives and holidays attract firms to build manufacturing plants, distribution centers, and any type of business in t..
|
|
What is the incremental contribution margin per container
: What is the incremental contribution margin per container from further processing the honey into candies? What is the minimum number of containers of candy that must be sold each month to justify the continued processing of honey into candies?
|
|
Value-added taxes
: Value-added taxes (VAT) are referring to tax incentives on corporate or individual income taxes. The VAT is based on the value added in certain country and range from 10-40 percent of the value increase which attracts foreign firms to the country.
|
|
The bertrand and the cournot models
: Dear CedWriter, please provide me with a two page essay regarding the Bertrand and the Cournot models of oligopoly. The precise question to be redacted is below.This short Essay shouldn't take more than one or one and a half hours to be written. The..
|