number two skychiefs, Inc., prepares in-flight meals for a number of major airlines. One of...
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number two skychiefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon and dill sauce with baby new potatoes and spring vegetables. During the most recent wait, the company prepared 3500 of these meals using 950 direct labor hours. The company paid its direct labor workers a total of $10,450 for this work, or $11 per hour. According to the standard cost card for this meal, it should require 30 direct labor hours of $9.50 per hour. 1. what is the standard labor hours allowed (sh) to prepare 3500 meals? Two. what is the standard labor cost allowed (s h x Sr) to prepare 3500 meals? Three. What is the labor spending variance? 4. What is the labor rate variance in the labor efficiency variance? Four requirements 3 and 4, indicate the effects of each variance by selecting F4 favorable you for unfavorable and none for no effect and put all amounts as positive values. Dunno around do not round intermediate calculations.
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