Airmeals inc prepares in-flight meals for a number of major

Reference no: EM13581307

AirMeals, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is stuffed cannelloni with roasted pepper sauce, fresh baby corn, and spring salad. During the most recent week, the company prepared 6,000 of these meals using 1,150 direct labor-hours. The company paid these direct labor workers a total of $11,5000 for this work, or $9.50 per hour.

According to the standard cost card for this meal, it should require 0.20 direct labor-hours at a cost of $9.50 per hour.

Break down the difference computed in (1) above into a labor rate variance and a labor efficiency variance.

Reference no: EM13581307

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