Exercise 9-5 Direct Labor Varlances [LO9-5] SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dil sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 5.100 of these meals using 2.000 direct labor-hours. The company paid its direct labor workers a total of $28,000 for this work, or $14.00 per hour According to the standard cost card for this meal. It should require 0.40 direct labor-hours at a cost of $13.50 per hour Required: 1 What is the standard labor-hours allowed (SH) to prepare 5.100 meals? 2. What is the standard labor cost allowed (SHX SR) to prepare 5.100 meals? 3. What is the labor spending variance? 4 What is the labor rate variance and the labor efficiency variance? (Fortequirements 3 and 4, indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None for no effect .ca zero Vorlence). Input all amounts on positive values. Do not round Intermediate calculations. Standard tabor hours allowed Standard labor cost allowed Lending variance bore arance Easensy vaate