Blue circle corporation's comparative balance sheet for current assets and liabilities was as follows: dec. 31, year 2 dec. 31, year 1 accounts receivable $18,900 $18,700 inventory 64,600 65,300 accounts payable 20,700 20,300 dividends payable 27,000 25,000 adjust net income of $111,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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?