SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dilsauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 7,000 of these mealsusing 2.700 direct labor-hours. The company pald its direct labor workers a total of $27,000 for this work, or $10.00 per hourAccording to the standard cost card for this meal, f should require 0.40 direct labor-hours at a cost of $9.30 per hour.Required:1. What is the standard labor-hours allowed (SH) to prepare 7,000 meals?2. What is the standard labor cost allowed (SH SR) to prepare 7,000 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" forno effect (I.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)1. Standard labor-hours allowed2. Standard labor cost allowed3 Labor spending varance4. Labor rate variance4 Labor efficiency variance

Name: SkyChefs, Incorporated, prepares in-flight meals for a number of majo
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dilsauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 7,000 of the