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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 in dill sauce with baby new

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 in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 7,200 of these meals using 2,800 direct labor-hours. The company pald its direct labor workers a total of $22,400 for this work, or $8.00 per hour. According to the standard cost card for this meal, It should require 0.40 direct labor-hours at a cost of $7.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 7,200 meals? 2. What is the standard labor cost allowed (SH SR) to prepare 7,200 meals? 3. What is the labor spending varlance? 4. What is the labor rate varlance and the labor efficiency variance? (For requirements 3 and 4, Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positlve values. Do not round Intermedlate calculations.)

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