Lopez, cruz, and perez are partners and share net income and loss in a 6: 4: 1 ratio. on december 31, perez withdraws from the partnership when the equities of the partners are: lopez, $3,000; cruz, $1,800; and perez, $1,200. prepare journal entries to record perez’s withdrawal under each of the following separate situations: perez is paid for her equity using partnership cash of (1) $1,200; (2) $1,600; and (3) $700.

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 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.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?