Check my work View previous attempt 4 Exercise 9-5 Direct Labor Variances (LO9-5] 2.5 pos Hit SkyChefs, Inc. prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 6,600 of these meals using 1950 direct labor-hours. The company paid its direct labor workers a total of $27,300 for this work, or $14.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $13.00 per hour Required: 1. What is the standard labor hours allowed (SH) to prepare 6,600 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 6,600 meals? 3. What is the labor spending variance? 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 "P" for favorable, "U" for unfavorable, and "None" for no effect... zero variance). Input all amounts as positive values. Do not round Intermediate calculations) 1. 2 3 Standard labor hours allowed Standard labor collowed Labor spending variance Labor role variance Labor efficiency variance 5 $ 5 1,180 25,740 1.500 1.950 390 4