Chapter 10 Homework 0 Saved Help Save& Exit Submit new potatoes and mixed vegetables. During the most recent week, the company prepared 6,300 ofthese meals using 1,800 direct 2 SkyChefs, Incorporated, prepares inight meals fora number of major airlines. One ofthe company's products is grilled salmon with laborhours. The company paid its direct labor workers a total of $18,000 for this work, or $10.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct laborhours at a cost 01359.20 per hour. 5 Required: 90mm 1. What is the standard labor-hours allowed (SH) to prepare 6,300 meals? 2. What is the standard labor cost allowed (SH x SR} to prepare 6,300 meals? 3. What is the labor spending variance? B k . . . . . e W 4. What IS the labor rate variance and the labor efficrency variance? Print [For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable. and "None" for Rm'emes no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard labor-hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance 4. Labor efciency variance