EXERCISE 10-3 (20 MINUTES)

1. - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
1. Number of meals prepared ... 4,000Standard direct labor-hours per meal... × 0.25Total direct labor-hours allowed ... 1,000 Standard direct labor cost per hour ... × $9.75Total standard direct labor cost... $9,750Actual cost incurred... $9,600 Total standard direct labor cost (above).... 9,750Total direct labor variance ... $ 150 Favorable