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5 . Hi I need help with this question please! Skycnefs, Inc., prepares In-tllgtnt meals tor a number ot major alrllnes. One ot the company's
Hi I need help with this question please!
Skycnefs, Inc., prepares In-tllgtnt meals tor a number ot major alrllnes. One ot the company's products Is grilled salmon In dlll sauce with baby new potatoes and sprlng vegetables. During the most recent week, the company prepared 4,800 ot these meals using 1,400 dlrect labor-hours. The company paid Its direct labor workers a total ot $18,200 for ttnls work, or $13.00 per hour. Accordlng to the standard cost card for tills meal, should requlre 0.30 dlrect labor-hours at a cost of SIXSO per hour. Requlred: 1. What Is the standard labor-nours allowed (SH) to prepare 4,800 meals? 2. What Is the standard labor cost allowed (SH x SR) to prepare 4,800 meals? 3. What Is the labor spendlng variance? 4. What Is the labor rate varlance and the labor efficlency variance? (For requlrements 3 and 4, Indlcate the effect of each varlance by selectlng "F" for favorable, "W for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as posltlve values. Do not round Intermedlete calculatlons.) 4. Standard labor-hours allowed Standard labor cost allowed Labor spending variance Labor rate variance Labor efficiency variance
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