Exerclse $10-2($Algo$)$ Direct Labor Varlances $[$L$010-2]$

SkyChefs, Incorporated, prepares in$-$flight meals for a number of major airlines. One of the company's products is grilled salmon with

mixed 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 $$36,800$ for this work, or $$11\mathrm{.}50$ per hour.

According to the standard cost card for this meal, it should require $0\mathrm{.}50$ direct labor$-$hour at a cost of $$11\mathrm{.}00$ per hour.

Requlred:

What is the standard labor$-$hours allowed $($SH$)$ to prepare $6\mathrm{.}500$ meals?

What is the standard labor cost allowed $($SH $SR)$ to prepare $6\mathrm{.}500$ meals?

What is the labor spending variance?

What are the labor rate variance and the labor efficiency variance?

Note: For requlrements $3$ and $4,$ Indleate the effect of each varlance by selecting $"$F$"$ for favorable, $"$U$"$ for unfovorable, and

"None" for no effect $($l$.$e$.,$ zero varlance$).$ Input all amounts as positlve values.