Exercise 9.5 (Algo) Direct Labor Variances [LO9.5] Skychefs, Incorporated, prepares in-fight meals for a number of major aulines. One of the company's products is griled saimon in ail sauce with baby new potatoes and spring vegetables. During the most recent weck, the company prepared 4,300 of these meals using 1,250 direct labor hours. The company paid its direct labor workers a total of $11,250 for this work, or $9.00 per hour: According to the standard cost card for this meal, it should require 0.30 direct labor hours at a cost of $8.50 per hout Required: Required: What is the standard labor-hours allowed (SH) to prepare 4,300 meals? 1. 2 What is the standard labor cost allowed (SH SR) to prepare 4,300 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficlency variance? (For requirements 3 and 4 , indicate the effect of each variance by selecting " F " for fovoroble, " U " for unfovorable, and "None " for no effect (i.e., zero variance). Input all omounts as positive values. Do not round intermediate colculotions.)