Question: Caseys Photography expected to work 400 hours per year taking wedding photos for 50 weddings. Caseys standard labour rate for photographers is $25 per hour.

Casey’s Photography expected to work 400 hours per year taking wedding photos for 50 weddings. Casey’s standard labour rate for photographers is $25 per hour. During the last year, Casey actually worked 420 hours for 50 weddings and paid photographers $10,815. The labour rate and labour efficiency variances are:

a. $315 favourable; $500 favourable

b. $815 favourable; $500 unfavourable

c. $315 favourable; $815 favourable

d. $315 unfavourable; $500 unfavourable

Step by Step Solution

★★★★★

3.32 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

d 315 unfavourable 500 unfav... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (2 attachments)

1601_606321ef0dea3_688884.pdf

180 KBs PDF File

1601_606321ef0dea3_688884.docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

The following paragraph is from an article titled, Hydraulic Fracturing Overview: Growth of the Process and Safe Drinking Water Concerns in the March 1, 2012 issue of Congressional Digest: The use of...

Amy Kimbell, CPA, CMA, and a member of the Institute of Management Accountants, recently joined Magee Metals and Moldings as a senior financial analyst. One of her major responsibilities is to...

Diamond & Turf Inc. is considering an investment in one of two machines. The sewing machine will increase productivity from sewing 150 baseballs per hour to sewing 290 per hour. The contribution...

Zucca Associates, a law firm, hires Attorney Odessa Smythe at an annual salary of $ 192,000. The law firm expects her to spend 2,400 hours per year performing legal work for clients. Indirect costs...

Do a qunatitive analysis . Do CVP Analysis , product and price costing analysis. Discuss the issues for profitbality , sustainabilty and growth . Specialty Fasteners Canada (SFC) is a centralized...

Final Backgrounder Saskatchewan 831 489.6 420.2 14.2% Alberta 1,569 2,214.4 1,791.5 19.1% British Columbia 3,277 2,591.1 2,215.0 14.5% Yukon 167 73.1 66.3 9.3% Northwest Territories 99 53.4 44.9...

Question 1 (1 point) Which of the following statements describes Black Fly's process costing system? Question 1 options: Direct materials and direct labour are traced to each specific order. The...

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

first question plz OS Foundry (the Company') has taken a strategic decision to introduce a bonus incentive scheme for the manufacture of a high-quality, high-value product. However, negotiations...

Please answer below with elaborative justification from the attached cases below: What is similar and different about the two case companies? How important is the ProFusion platform to Adnexus?...

Please help with my advance cost and Management accounting assignment QUESTION1 (30 marks Home Appliance Limited which specializes in the production of kitchen appliances uses an Activity Based...

Write an essay on the Impact of COVID-19 on yourself, family and small business which aims the development of skills

f the levered BT IRR is below the unlevered BT IRRm what is implication for the investor? a . the cost of the debt is too high for the project, and its better not to get a loan. b . the purchase...

2.4.4 Suppose X and Y are independent random variables, each exponentially distributed with parameter . Determine the probability density function for ZDX=Y.

Heights of 20 years old Heights of 20 years old men vary approximately according to a Normal distribution with Mean u = 176.9cm and standard deviation = 7.1cm. 1-What percentage of US men are at...

Most of us have situations where we find it difficult to communicate. Improving your written communication skills and being comfortable speaking to people are extremely important. Develop a 2-3 page...

Response, analyze how the use of technology has impacted organizational communication both positively and negatively. How has technology impacted the verbal and nonverbal cues used in interpreting...

Now, assume that a regular work week is made of 40 hours and that there are approximately 4.3 weeks in a month. 4. What must each adult earn per hour in Toledo to meet their budget assuming they work...

The price of the "Spirit of the Devil" brand beer fluctuates from month to month due to the change in raw material prices and other factors. The company that sells this beer also advertises several...

for which of Assuming that real GDP per person is a good measure of living standards, between 2016 and 2017, living standards the following reasons? Population growth outpaced productivity growth....