SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon with newpotatoes and mixed vegetables. During the most recent week, the company prepared 4,000 of these meals using 960 direct labor-hours. The company paid its direct labor workers a total of $19,200 for this work, or $20.00 per hour.According to the standard cost card for this meal, it should require 0.25 direct labor-hours at a cost of $19.75 per hour.Required:1. What is the standard labor-hours allowed (SH) to prepare 4,000 meals?2. What is the standard labor cost allowed (SH x SR) to prepare 4,000 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" forno effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)1.Standard labor-hours allowed2.Standard labor cost allowed3.Labor spending variance4.Labor rate varianceLabor efficiency variance

Given Information: Number of meals prepared recent week = 4000 Direct Labor hours used (Actual…

Answered: SkyChefs, Inc., prepares in-flight…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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In the dynamic landscape of modern businesses, effective staffing extends beyond merely matching skills with job requirements. It encompasses a strategic approach to workforce planning, talent acquisition, and employee engagement. A comprehensive staffing strategy involves forecasting future skill needs, understanding industry trends, and embracing diversity and inclusion to foster innovation. Talent acquisition goes beyond traditional recruitment methods, incorporating digital platforms, networking events, and employer branding to attract top talent. Once hired, employee engagement becomes crucial for retention and productivity. This involves creating a positive work culture, offering career development opportunities; and providing meaningful feedback. Ultimately, successful staffing is an ongoing process that aligns the workforce with the organization's goals and values. Question: How does your organization leverage technology and digital platforms in its talent acquisition process…
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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 4,300 of these meals using 1,250 direct labor-hours. The company paid its direct labor workers a total of $11,250 for this work, or $9.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $8.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,300 meals? 2. What is the standard labor cost allowed (SH × SR) to prepare 4,300 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance?
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