SkyChes, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in de sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 7000 of these meals using 2.700 direct labor hours. The company pold its direct labor workers a total of $27.000 for this work, or $10.00 per hour According to the standard cost card for this mest it should require 0.40 direct labor hours at a cost of $9.30 per hour Required: 1. What is the standard tabor hours allowed (SH) to prepare 7000 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 7.000 meals? 3. What is the labor spending variance? 4 What is the labor rote verance and the labor efficiency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (tero variance). Input all amounts as positive values. Do not round Intermediate calculations.) 1 sandard fabior hours allowed 2 Standard labor cost wilowed bor ording van 4 Libor varande Labor any w