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SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the companys products is grilled salmon in d

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Answer #1

1. Standard labor hours allowed = 4800*0.50 = 2400 hours

2. Standard labor cost allowed = 2400*9.40 = $22560

3. Labor spending variance = standard cost - Actual cost

= 22560-23500 = $940 Unfavorable

4. Labor rate variance = (standard rate - actual rate)*actual hours

= (9.40-10)*2350 = $1410 unfavorable

Labor efficiency variance = (standard hours - actual hours)*standard rate

= (2400-2350)*9.40

= $470

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