The following computations of March labor variances for Sam’s Supply Company are incomplete. The missing items are labeled (a) through (d).
Labor rate variance = 4,800 hours × [(a) – $8.50] = $350 favorable
Labor efficiency variance = (b) × [(c) – 5,000 hours] = $(d)
On the appropriately labeled line, identify each missing item by name (a through c) and show the missing value (a through d). Show supporting computations in the space provided.
(a) _________________________ $_______________
(b) _________________________ $_______________
(c) _________________________ ____________________ hours
(d) $______________ F or U [Choose the correct term.]
(e) During March, the supervisor left for vacation without arranging for a replacement. Which variances would have been most affected by this situation? _________________________
Recently Asked Questions
- Please help me.... Below shows a snapshot of the forms i need to do.
- A sample of 58 mutual funds was taken and the mean return in the sample was 13.8% with a standard deviation of 9.1%. The return on a particular index of stocks
- Please refer to the attachment to answer this question. This question was created from chapter 17 (1).docx.