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SkyChefs, Inc., prepares in-flight meals for a number of major airlines . One of the companys products is grilled salmon in dill sauce with baby
SkyChefs, Inc., prepares in-flight meals for a number of major airlines . One of the companys products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week , the company prepared 4,000 of these meals using 750 direct labor- hours. The company paid its direct labor workers a total of $6,000 for this work, or $8. per hour. According to the standard cost card for this meal, it should require 0.20 direct labor hours at a cost of $ 7.00 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,000 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 4,000 meals? 3. What is the labor spending variance ? 4. What is the labor rate variance and the labor efficiency variance ?
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