Ch 9 Homework Sed Help Save & Exit S 2 Check my w Exercise 9-5 Direct Labor Variances (L09-5) OS ponts BOOK SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in die 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 its direct labor workers a total of $36,800 for this work, or $1150 per hour According to the standard cost card for this meal, It should require 0.50 direct labor hours at a cost of $100 per hour Required: 1. What is the standard labor hours allowed (SH) to prepare 6.500 meals? 2 What is the standard labor cost allowed (SHSR) to prepare 6.500 meals? 3. What is the labor spending vacance? 4. What is the labor rate variance and the labor efficiency variance? (For requirements 3 and 4. Indicate the effect of each variance by selecting "F" for favorable, "u" for unfavorable, and "None" for no effect. ero variance) Input all amounts as positive values. Do not round Intermediate calculations.) 3 2 Standard or hour Standard labor cost owed Cabandingan Laboravance