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Sagot :
Answer: See explanation
Explanation:
From the information given,
Budgeted hours = 660
Budgeted rate per hour = 3.4
Budgeted rooms to clean = (600 × 60)/36 = 36000/36 = 1000
1. What is the amount of the budget variance?
This will be:
= (Actual room - Budgeted room) × Standard rate
= (1050 - 1000) × 3.4
= 50 × 3.4
= 170 favorable
2. What is the amount of the volume variance?
This will be:
= Standard cost - Actual labor cost
= (630 × 3.4) - (660 × 3.3)
= 2142 - 2178
= 36 Unfavorable
3. What is the amount of the efficiency variance?
This will be:
= 3.4 × (630 - 660)
= 3.4 × (-30)
= 10.20 Unfavorable
4. What is the amount of the rate variance?
This will be:
= Actual time ( Standard rate - Actual rate)
= 660 × (3.4 - 3.3)
= 660 × 1
= 660 Favorable
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