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RUDIKE [14]
3 years ago
10

SkyChefs, inc. prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dill

sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. The company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. According to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. What is the standard labor-hours allowed (SH) to prepare 4,000 meals?2. What is the standard labor cost allowed (SH x SR) to prepare 4,000 meals?3. What is the labor spending variance?4. What is the labor rate variance and the labor efficiency variance?
Business
1 answer:
Inessa [10]3 years ago
8 0

Answer:

1.- 4,000 x 0.25= 1,000

2.- 19.75 x 1,000 = 19,750

3.- 240 unfavorable

4.- 790 favorable  

Explanation:

DIRECT labor VARIANCES

(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance

std rate  $19.75

actual rate  $20.00

actual hours 960

(19.75 - 20.00) \times 960 = DL \: rate \: variance

difference  $(0.25)

The difference is negative. The cost per hour is greater than expected. The variance is unfavorable.

extra 0.25 x 960 hours = rate variance  $(240.00)

(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance

std  hours 1000.00  (1)

actual hours 960.00

std rate  $19.75

(1000 - 960 ) \times 19.75 = DL \: efficiency \: variance

difference 40.00

The difference is positive, the company used less hours to complete the meal. the variance is positive.

40 saved hours at $19.75 each = efficiency variance  $790.00

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rodikova [14]

Answer:

D) 4 billion British pounds

Explanation:

Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.

It could be a deficit or surplus.

Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.

Surplus trade balance refers to when export of a country is more than the import.

Import is the bringing in of goods from a foreign country. This means a particular country purchase goods from another country.

Export is the sending out of goods to a foreign country. That is the selling of goods to another country.

Trade balance= Export- Import

=14 billion British pounds- 10 billion British pounds

=4 billion British pounds

The trade balance that occurs here is surplus trade balance where export is more than import.

5 0
3 years ago
Jamal recently purchased a cooperative's stock and moved into one of the cooperative's units. what type of lease does jamal have
sladkih [1.3K]
It is a finance lease , because Jamal purchased a financial equity, which is the stock, with the cooperative and he moved to one of its units, therefore, the risk and rewards are transferred to Jamal and it is considered to be a finance lease.
3 0
3 years ago
The following information is available at the end of May:Balance in work in process on May 1 $57,600Direct material costs for Ma
Vsevolod [243]

Answer:

Work in process account= $76,680

Explanation:

Giving the following information:

Balance in work in process on May 1 $57,600

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Overhead applied at a rate of 120% of direct labor dollars

Direct labor= $76,500

Jobs completed during May and transferred to finished goods inventory was $242,420

Work in process account= Beginning work in process+direct materials + direct labor + manufacturing overhead - Jobs completed during May

Work in process account=57600 + 89200 + 76500 + (76500*1.20)- 242420

Work in process account= $76,680

5 0
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. If Samsung is using experiments as a research method to understand what kinds of mobile phones are more functional as opposed
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The correct answer to the question above is:

D. Quantitative

<span>Quantitative research approach is used in this scenario because the participants are asked to choose among the most functional mobile phone and compare them with other options. The data gathered from participants are then analyzed to make a substantial result. </span>

6 0
3 years ago
Capital goods
Anika [276]
Capital goods are those good used to make consumer goods and services.
Thus answer is D

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6 0
3 years ago
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