Marshall Manufacturing’s employees worked 2,900 hours to pro…

Marshall Manufacturing’s employees worked 2,900 hours to produce 3,000 buckets during August. The standard cost includes 1 hour per unit at $18.00 per hour. The actual labor rate per hour was $18.40. a) What is the Total Labor Variance for August? (5 pts) b) What is the Labor Price Variance for August? (5 pts) c) What is the Labor Quantity Variance for August? (5 pts)

A CVP income statement for McClintock Manufacturing resulted…

A CVP income statement for McClintock Manufacturing resulted in the following:   For the Year Ended December 31, 2024 Sales $2,000,000 Less: Variable Costs (1,100,000) Contribution Margin 900,000 Less: Fixed Costs (750,000) Net Income $150,000 Based on the above information, use the company’s degree of operating leverage to calculate the percentage increase in Net Income the company can expect from a 5% increase in sales.