SkyChes, the prepares in fight meals for a number of majoraines. One of the company products in grilled salmon with now potatoes and mixed vegetables During the most recent week, the company prepared 7000 of these meals using 2.700 direct labor hours. The company poid its direct labor workers a total of $27000 for this work or $10.00 per hour According to the standard cost card for this meal, it should require 0.10 direct labor-hours at a cost of $9.30 per hour Required: 1. What is the standard labor hours allowed (SH) to prepare 2000 meals? 2. What is the standard tbor cost allowed (SHSR) to prepare 7000 meals? a. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? {For requirements 3 ond 4, indicate the effect of each variance by selecting "F" for revorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1 2 a Standard labor. hours wed Standard labor cost allowed Labor spending variance Laborrate Vice tabotency vanco 4