Exercise $10-2($Algo$)$ Direct Labor Variances $[$LO$10-2]$

SkyChefs, Incorporated, prepares in$-$flight meals for a number of major airlines. One of the company$$s products is grilled salmon with mixed vegetables. During the most recent week, the company prepared $6,600$ of these meals using $1,950$ direct labor$-$hours. The company paid its direct labor workers a total of $$27,300$ for this work, or $$14\mathrm{.}00$ per hour.

According to the standard cost card for this meal, it should require $0\mathrm{.}30$ direct labor$-$hour at a cost of $$13\mathrm{.}00$ per hour.

Required:

What is the standard labor$-$hours allowed $($SH$)$ to prepare $6,600$ meals?

What is the standard labor cost allowed $($SH $\backslash$times SR$)$ to prepare $6,600$ meals?

What is the labor spending variance?

What are the labor rate variance and the labor efficiency variance?

Note: For requirements $3$ and $4,$ indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.