Chapter 10 Nov w Problems 1 11 pam SkyChefs, Inc. prepares in tight meals for a number of major airlines. One of the company's products grilled salmon with new potatoes and mored vegetables. During the most recent week, the company prepared 4.300 of these meals wing 1.250 direct labor hours. The company paid is direct labor workers a total of $11250 for this work, or $9.00 per hour. According to the standard cost card for this mes it should require 0.30 direct labor hours at a cost of $50 per hour Required: 1. What is the standard tabor hours allowed (SH) to prepare 4.300 meals 2. What is the standard labor cost allowed (SHR) to prepare 4.300 moals? 3. What is the labor spending variance? 4 What is the labor rate variance and the labor ciency 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 Le.zero variancel Input all amounts as positive values. Do not found intermediate calculations) . 15 ie 12 13 Standard for hours Sonder sowel Laboranding and Laborate Laborcowane