SkyChefs, InC., prepares In-flight meals for a number of major alrlines. One of the company's products is grilled salmon with new potatoes and mixed vegetables. During the most recent week, the company prepared 3,500 of these meals using 1,710 direct labor- hours. The company pald Its direct labor workers a total of $23,940 for this work, or $14.00 per hour. According to the standard cost card for this meal, It should reguire 0.50 direct labor-hours at a cost of $13.50 per hour. Requlred: 1. What Is the standard labor-hours allowed (SH) to prepare 3,500 meals? 2 What Is the standard labor cost allowed (SH x SR) to prepare 3,500 meals? 3. What Is the labor spending varlance? 4. What is the labor rate varlance and the labor efficlency vartance? (For requirements 3 and 4, Indicate the effect of each verlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values. Do not round Intermedlate calculatlons.) 1. Standard labor-hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance Labor efficiency variance

Im having an issue with this problem. Thank you!

What did you guys get for the last two blank spots. The other question didn't give me a full answer for it.

what exactly is a cookie jar reserve?  Does using a cookie jar reserve follow GAAP?  Does using a cookie jar reserve appear to be an ethical practice?  Support your opinion.  Your post should be more than a single sentence.

do you not see the solution you provided is the exact one i submitted, it says it's wrong..

It says they answers are wrong from your example.