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# (Solved): 3 1.5 points 01:45:26 Skipped eBook Hint Print References Exercise 9-5 (Algo) Direct Labor Variances ...

3 1.5 points 01:45:26 Skipped eBook Hint Print References Exercise 9-5 (Algo) Direct Labor Variances [LO9-5] SkyChefs, Incorporated, 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 6,300 of these meals using 1,800 direct labor-hours. The company paid its direct labor workers a total of $18,000 for this work, or$10.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of \$9.20 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 6,300 meals? 2. What is the standard labor cost allowed (SH x SR) to prepare 6,300 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 "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard labor-hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance 4. Labor efficiency variance

Exercise 9.5 (Algo) Direct Labor Variances [LO9-5] Skychefs, Incorporated, prepares in-flight meals for a number of major airlines, One of the companys products is pilled saimon in dal sauce with baby new potatoes and spring vegetables. Duing the most recent week, the company prepared 6,300 ot these meak using 1800 direct iabor-hours: The company paid as direct labor workers a total of fot this work or per hout. According to the standard cost card for this meal, it should require 0.30 drect labor-hours at a cost or per hour. Required: 1. What is the standard labor hours allowed (SA) to prepare 6.300 movals? 2 What is the standard labor cost allowed (SH - SP) to prepare 6,300 meals? 3. What is the labor spending variance? 4. What is the labor rate varlance and the labor efficiency variance? (For requirements 3 and 4 , indicnte the effect of eoch varionce by selecting "F" for fovorable, " " for unfovorable, and "None" for no effect (L.... zero variance). Input all omounts os positive velues. Do not round intermediote calculotions.)

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