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SkyChefs, Incorporated, prepares in-flight meals for a number of major alrlines. One of the company's products is grilled salmon with mixed vegetables. During the most

image text in transcribed SkyChefs, Incorporated, prepares in-flight meals for a number of major alrlines. One of the company's products is grilled salmon with mixed vegetables. During the most recent week, the company prepared 4,800 of these meals using 2,350 direct labor-hours. The company pald its direct labor workers a total of $23,500 for this work, or $10.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct labor-hour at a cost of $9.40 per hour. Requlred: 1. What is the standard labor-hours allowed (SH) to prepare 4,800 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 4,800 meals? 3. What is the labor spending variance? 4. What are the labor rate varlance and the labor efficiency variance? Note: For requirements 3 and 4 , Indicate 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 positive values

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