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SkyChefs, Incorporated, prepares in-flight meals for a number of major alrilines. One of the company's products is grilled salmon with mixed vegetables. During the most
SkyChefs, Incorporated, prepares in-flight meals for a number of major alrilines. One of the company's products is grilled salmon with mixed vegetables. During the most recent week, the company prepared 4,000 of these meals using 750 direct labor-hours. The company pald Its direct labor workers a total of $6,000 for this work, or $8.00 per hour. According to the standard cost card for this meal, it should require 0.20 direct labor-hour 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 (SH SR) to prepare 4,000 meals? 3. What is the labor spending varlance? 4. What are the labor rate varlance and the labor efficlency varlance? Note: For requlrements 3 and 4 , Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values
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