Senocot Corporation Uses Two Different Types of Labour to Manufacture

question 24

Essay

Senocot Corporation uses two different types of labour to manufacture its product.The types of labour,Assembly and Finishing,have the following standards:
$\begin{array}{llrl}\text { Labour Type}&\text { Standard Mix }&\text { Standard Unit Price}&\text { Standard Cost}\\\text { Assembly } & 800 \text { hours } & \$ 12.00 \text { per unit } & \$ 9,600 \\\text { Finishing } & 200 \text { hours } & 8.00 \text { per unit } & \$ 1,600 \\& & &\\\text { Yield }&5000 \text { units }\end{array}$ During January,the following actual production information was provided:
$$\begin{array} { l l } \text { Labour Type } & \text { Actual Mix } \\\hline \text { Assembly } & 7,000 \text { hours } \\\text { Finishing } & 3,000 \text { hours } \\\\\text { Yield } & 45,000 \text { units }\end{array}$$ Calculate the labour efficiency and mix and yield variances.

---

Definitions:

Defenses

Legal arguments and strategies employed to contest allegations or charges in a legal case.

Fraudulent Misrepresentation

A false statement of fact made knowingly, or without belief in its truth, or recklessly, causing someone to enter into a contract.

Real Estate

Property comprising land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Basement

The lowest floor of a building, typically below ground level.