Exercise 9-5(Algo) Direct Labor Variances [L09-5] SkyChefs, Incorporated, prepares in-flight meals for a...
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Exercise Algo Direct Labor Variances L SkyChefs, Incorporated, prepares inflight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared of these meals using direct laborhours. The company paid its direct labor workers a total of $ for this work, or $ per hour. According to the standard cost card for this meal, it should require direct laborhours at a cost of $ per hour. Required: What is the standard laborhours allowed to prepare meals? What is the standard labor cost allowed to prepare meals? What is the labor spending variance? What is the labor rate variance and the labor efficiency variance? For requirements and indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Do not round intermediate calculations. table Standard laborhours allowed,, Standard labor cost allowed,, Labor spending variance,, Labor rate variance,, Labor efficiency variance,, 
Exercise Algo Direct Labor Variances L
SkyChefs, Incorporated, prepares inflight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared of these meals using direct laborhours. The company paid its direct labor workers a total of $ for this work, or $ per hour.
According to the standard cost card for this meal, it should require direct laborhours at a cost of $ per hour.
Required:
What is the standard laborhours allowed to prepare meals?
What is the standard labor cost allowed to prepare meals?
What is the labor spending variance?
What is the labor rate variance and the labor efficiency variance?
For requirements and indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Do not round intermediate calculations.
table Standard laborhours allowed,, Standard labor cost allowed,, Labor spending variance,, Labor rate variance,, Labor efficiency variance,,
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