Exerclse $9-5($Algo$)$ Direct Labor Varlances $[$LO$9-5]$

SkyChefs, Incorporated, prepares in$-$flight meals for a number of major airlines. One of the company's products is grilled salmon in dill

sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared $6,200$ of these meals

using $1,200$ direct labor$-$hours. The company paid its direct labor workers a total of $$10,800$ for this work, or $$9\mathrm{.}00$ per hour.

According to the standard cost card for this meal, it should require $0\mathrm{.}20$ direct labor$-$hours at a cost of $$8\mathrm{.}50$ per hour.

Requlred:

What is the standard labor$-$hours allowed $(SH)$ to prepare $6,200$ meals?

What is the standard labor cost allowed $($SH $SR)$ to prepare $6,200$ meals?

What is the labor spending variance?

What is the labor rate variance and the labor efficiency variance?

$($For requlrements $3$ and $4,$ Indlcate the effect of each varlance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for

no effect $($l$.$e$.,$ zero varlance$).$ Input all amounts as positlve values. Do not round Intermedlate calculatlons.$)$