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Skychefs, incorporated, prepares in-fight meals for a number of major airlines. One of the company's products is grited salmon with moned vepetables. During the most
Skychefs, incorporated, prepares in-fight meals for a number of major airlines. One of the company's products is grited salmon with moned vepetables. During the most recent week, the company prepared 7,300 of these meats using 1,450 direct labor-hours, Fhe company paid its direct labor workers a fotal of $14,500 for this work, or $1000 per hour; According to the standard cost card for this meal, it should require 0.20 direct labor-hour at a cost of $950 per hour. Required: 1. What is the standard tabochours allowed (SH) 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 are the labor rate vartance and the labor efficiency vartance? Note: For requirements 3 ond 4 , indicote the effect of each variance by selecting "F" for fovorable, " U " for unfavorable, and "None" for no effect (i.e, zero variance). Input all omounts os positive volues
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