Select three jobs: one knowledge based, one manufacturing, and one in the service sector. Research each job through the Employment and Social Development and Statistics Canada websites.
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Ответ:
Standard Hours Standard Rate per Hour Standard Cost
24 minutes (0.4 hrs.) $5.40 $2.16
During August, 8,390 hours of direct labor time were needed to make 19,600 units of the Jogging Mate. The direct labor cost totaled $43,628 for the month.
1. What is the standard labor-hours allowed (SH) to makes 19,600 Jogging Mates?
19,600 jogging mates x 0.4 hours = 7,840 hours2. What is the standard labor cost allowed (SH × SR) to make 19,600 Jogging Mates?
7,840 hours x $5.40 = $42,3363. What is the labor spending variance?
labor spending variance = standard cost - actual cost = $42,336 - $43,628 = $1,292 unfavorable4. What is the labor rate variance and the labor efficiency variance?
labor rate variance = (standard rate - actual rate) x actual hours = ([$5.40 - ($43,628/8,390 hours)] x 8,390 hours = ($5.40 - $5.20) x 8,390 hours = $0.20 x 8,390 = $1,678 favorablelabor efficiency variance = (standard hours - actual hours) x actual rate = (7,840 hours - 8,390 hours) x $5.20 = -550 hours x $5.20 = -$2,860 unfavorable