SkyChefs, Incorporated, prepares in flight meals for a number of major airfines. One of the company's products is grilled saimon in dii sauce whth baby new potatoes and spring vegetables. During the most recent week, the company prepared 7,300 of these meals using 1.450 direct labor-hours. The company paid its direct labor workers a total of 514.500 for this work, or 51000 per hour. According to the standatd cost card for this meal, it should requite 0.20 dicect labor hours at a cost of 99.50 per hour Required: 1 What is the standard labor thours allowed (5H) to prepare 7,300 meals? 2. What is the standard labor cost allowed (SH . SR) to prepare 7,300 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 , indicete the effect of each veriance by selecting "F- for fovornble, "U" for unfavorable, and "Nene" for no effect (i.e., zero varionce). Input oll omounts os positive volues. Do not round intermediate colculotions.)