Month Labor Cost Employee Hours January $6,900 340 February $9,799 530 March $8,040 650 April $9,687 590 May $8,390 460 June $7,431 330 July $9,390 550 August $7,350 290 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost $6793 + (41.92 x Employee Hours) Requiredi Assume that 695 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations 1. Calculate total variable labor cost for September, Round your answer to nearest whole number. 2. Calculate total labor cost for September. Round your answer to
Month Labor Cost Employee Hours January $6,900 340 February $9,799 530 March $8,040 650 April $9,687 590 May $8,390 460 June $7,431 330 July $9,390 550 August $7,350 290 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost $6793 + (41.92 x Employee Hours) Requiredi Assume that 695 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations 1. Calculate total variable labor cost for September, Round your answer to nearest whole number. 2. Calculate total labor cost for September. Round your answer to
Chapter1: Financial Statements And Business Decisions
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Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Topic Video
Question
![Show Me How
Month
Labor Cost Employee Hours
January
$6,900
340
February
$9,799
530
March
$8,040
650
April
$9,687
590
May
$8,390
460
June
$7,431
330
July
$9,390
550
August
$7,350
290
Assume that this information was used to construct the following formula for monthly labor cost.
Total Labor Cost- 56793 + ($1.92 x Employee Hours)
Required:
Assurne that 695 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations:
1. Calculate total variable labor cost for September. Round your answer to nearest whole number.
2. Calculate total labor cost for September. Round your answer to nearest whole number
Check My Work
Previous](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe545fd09-eb77-4890-bcfb-29db8d122cdd%2Ffcddfd0f-5634-4956-8853-4d5a1c0fdfab%2Fh00dmso_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Show Me How
Month
Labor Cost Employee Hours
January
$6,900
340
February
$9,799
530
March
$8,040
650
April
$9,687
590
May
$8,390
460
June
$7,431
330
July
$9,390
550
August
$7,350
290
Assume that this information was used to construct the following formula for monthly labor cost.
Total Labor Cost- 56793 + ($1.92 x Employee Hours)
Required:
Assurne that 695 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations:
1. Calculate total variable labor cost for September. Round your answer to nearest whole number.
2. Calculate total labor cost for September. Round your answer to nearest whole number
Check My Work
Previous
![Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output
Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected:
Month
Labor Cost
Employee Hours
January
$6,900
340
February
$9,799
530
March
$8,040
650
April
$9,687
590
May
$8,390
460
June
$7,431
330
July
$9,390
550
August
$7,350
290
Assume that this information was used to construct the following formula for monthly labor cost.
Total Labor Cost - $6793 + ($1.92 x Employee Hours)
Required:
Assume that 695 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations:
1. Calculate total variable labor cost for September. Round your answer to nearest whole number.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe545fd09-eb77-4890-bcfb-29db8d122cdd%2Ffcddfd0f-5634-4956-8853-4d5a1c0fdfab%2Fkdm0xr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output
Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected:
Month
Labor Cost
Employee Hours
January
$6,900
340
February
$9,799
530
March
$8,040
650
April
$9,687
590
May
$8,390
460
June
$7,431
330
July
$9,390
550
August
$7,350
290
Assume that this information was used to construct the following formula for monthly labor cost.
Total Labor Cost - $6793 + ($1.92 x Employee Hours)
Required:
Assume that 695 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations:
1. Calculate total variable labor cost for September. Round your answer to nearest whole number.
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