SkyChefs, Incorporated, prepares infllight meals for a number of major airlines. One of the company's products is grilied salmon with new potatoes and mbed vegetables. During the most recent week, the company prepared 5,600 of these meals using 2,700 direct labor-hours. The company paid its direct labor workers a total of $21,600 for this work, or $8.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a cost of $7.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 5.600 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 5,600 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency varlance? Note: For requirements 3 and 4 , indicate the effect of each voriance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive volues. SkyChefs, Incorporated, prepares infllight meals for a number of major airlines. One of the company's products is grilied salmon with new potatoes and mbed vegetables. During the most recent week, the company prepared 5,600 of these meals using 2,700 direct labor-hours. The company paid its direct labor workers a total of $21,600 for this work, or $8.00 per hour. According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a cost of $7.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 5.600 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 5,600 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency varlance? Note: For requirements 3 and 4 , indicate the effect of each voriance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive volues