SkyChets, Incorporated, prepares in-flight meals for a number of major airlines, One of the company's products is grilled saimon with new potatoes and mixed vegetables. During the most recent week, the company prepared 4,000 of these meals using 750 direct labor-hours. The company paid its direct lobor workers a total of $6,000 for this work, or $8.00 per hour. According to the standard cost card for this meal, it should require 0.20 direct labor-hours at a cost of $700 per hout: Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,000 meals? 2. What is the standard labor cost allowed (SH SR) to prepare 4,000 meals? 3. What is the labor spending variance? 4. What is the labor rate variance 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 (l.e., zero variance). Input all amounts as positive values.) Logistics Solutions provides order fulfillment services for dotcom merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, pocks it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours. In the most recent month, 120,000 items were shipped to customors using 2,300 direct labor-hours. The company incurred a total of $7,360 in variable overhead costs. According to the company's standords, 0.02 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $325 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 120,000 items to customers? 2. What is the standard variable overhead cost allowed ( SHSR ) to ship 120,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead 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 (lie., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)