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Required: What is the standard labor-hours allowed (SH) to prepare 3,500 meals? ...

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Accounting

Required:
What is the standard labor-hours allowed (SH) to prepare 3,500 meals?
What is the standard labor cost allowed (SHSR) to prepare 3,500 meals?
What is the labor spending variance?
What are the labor rate variance and the labor efficiency variance?
Note: For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.
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