Senocot Corporation Uses Two Different Types of Labour to Manufacture

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.