Exercise 9-5 (Algo) Direct Labor Voriances [LO9.5] Shychefs, Incorporated, prepares in-flight meals for a number of major airines. One of the company's products is grilled saimon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, 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 $900 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 hour Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,300 meais? 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 efficiency variance? (For requirements 3 and 4 , indicate the effect of each voriance by selecting "F" for fovorable, " U " for unfovorable, and "None" for no effect (i.e, zero variance). Input oll amounts os positive values. Do not round intermediate calculations.)