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SkyChefs, Incorporated, prepares In-flight meals for a number of major alrlines. One...

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Question

Accounting

SkyChefs, Incorporated, prepares In-flight meals for a number of major alrlines. One of the company's products
15 grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the
company prepared 6,500 of these meals using 3,200 direct labor-hours. The company paid lts direct labor
workers a total of $36,800 for this work, or $11.50 per hour.
According to the standard cost card for this meal, It should require 0.50 direct labor-hours at a cost of $11.00 per
hour.
Required:
What is the standard labor-hours allowed (SH) to prepare 6,500 meals?
What is the standard labor cost allowed (SH SR) to prepare 6,500 meals?
What is the labor spending varlance?
What is the labor rate varlance and the labor efficlency varlance?
(For requirements 3 and 4, indicate the effect of each varlance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values. Do not round
Intermedlate calculations.)
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