SkyChefs, Incorporated, prepares inflight mesls for a number of mojor sirlines. One of the compony's products is grilled salmon with
mixed vegetables. During the most recent week, the company prepared of these meals using direct laborhours. The
company paid its direct labor workers a totol of $ for this work, or $ per hour.
According to the standard cost card for this meal, it should require direct laborhour at a cost of $ per hour.
Requlred:
What is the standard laborhours allowed SH to prepare meals?
What is the standard labor cost allowed to prepare meals?
What is the lobor spending voriance?
What are the labor rate variance and the lobor efficiency voriance?
Note: For requirements and Indicate the effect of each varlance by selecting F for favorable, U for unfavorable, and
"None" for no effect le zero varlance Input all amounts as positive values.