Sagar SavedSkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon withmixed vegetables. During the most recent week, the company prepared 3,500 of these meals using 950 direct labor-hours. Thecompany paid its direct labor workers a total of $10,450 for this work, or $11.00 per hour.According to the standard cost card for this meal, it should require 0.30 direct labor-hour at a cost of $9.50 per hour.Required:1. What is the standard labor-hours allowed (SH) to prepare 3,500 meals?2. What is the standard labor cost allowed (SH x SR) to prepare 3,500 meals?3. What is the labor spending variance?4. What are the labor rate variance and the labor efficiency variance?Note: For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and"None" for no effect (i.e., zero variance). Input all amounts as positive values.1. Standard labor-hours allowed2. Standard labor cost allowed3. Labor spending variance4. Labor rate variance4. Labor efficiency variance

1. Standard labor-hours allowed (SH): The standard labor-hours allowed is the amount of direct…

Answered: Saved SkyChefs, Incorporated, prepares…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 26E: Ingles Corporation is a manufacturer of tables sold to schools, restaurants, hotels, and other...

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SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon with mixed vegetables. During the most recent week, the company prepared 6,300 of these meals using 1,800 direct labor-hours. The company paid its direct labor workers a total of $18,000 for this work, or $10.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hour at a cost of $9.20 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 6,300 meals? 2. What is the standard labor cost allowed (SH × SR) to prepare 6,300 meals? 3. What is the labor spending variance? 4. What are the labor rate variance and the labor efficiency variance? Note: For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. 1. Standard labor-hours allowed 2. Standard labor…
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SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon with mixed vegetables. During the most recent week, the company prepared 7,300 of these meals using 1,450 direct labor-hours. The company paid its direct labor workers a total of $14,500 for this work, or $10.00 per hour. According to the standard cost card for this meal, it should require 0.20 direct labor-hour at a cost of $9.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 7,300 meals? 2. What is the standard labor cost allowed (SH x SR) to prepare 7,300 meals? 3. What is the labor spending variance? 4. What are the labor rate variance and the labor efficiency variance? Note: For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. 1. Standard labor-hours allowed 2. Standard labor…

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