ACC 349 Week 5 Connect Assignment//tutorfortune.com
ACC 349 Week 5 Connect Assignment//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/acc-349-week-5-connect-assignment ACC 349 Week 5 Connect Assignment Access Connect. Complete the Week 5 Problems. 1. Award: 10 out of 10.00 points Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 6.7 pounds $ 2.50 per pound $ 16.75 Direct labor 0.5 hours $ 12.50 per hour $ 6.25 During the most recent month, the following activity was recorded: a. Thirteen thousand pounds of material were purchased at a cost of $2.40 per pound. b. The company produced only 1,300 units, using 11,700 pounds of material. (The rest of the material purchased remained in raw materials inventory.) c. Seven hundred and fifty hours of direct labor time were recorded at a total labor cost of $9,000. Required: Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting u201cFu201d for favorable, u201cUu201d for unfavorable, and u201cNoneu201d for no effect (i.e., zero variance). Do not round intermediate calculations.) 2. Award: 10 out of 10.00 points SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the companyu2019s products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 4,300 of these meals using 1,250 direct labor-hours. The company paid these direct labor workers a total of $11,250 for this work, or $9.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $8.50 per hour. Required: 1. According to the standards, what direct labor cost should have been incurred to prepare 4,300 meals? How much does this differ from the actual direct labor cost? (Round labor-hours per meal and labor cost per hour to 2 decimal places.) 2. Break down the difference computed in (1) above into a labor rate variance and a labor efficiency variance. (Indicate the effect of each variance by selecting u201cFu201d for favorable, u201cUu201d for unfavorable, and u201cNoneu201d for no effect (i.e., zero variance).) Click on below link to buy https://tutorfortune.com/products/acc-349-week-5-connect-assignment
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