Dr. amara has twins who would be going to college in the next 10 years. she hopes to save enough in order to be able to pay for her kids’ college expenses. it is estimated that she would need $1 million dollars to cover all the expenses for both her children. she is willing to save $20,000 every six months for the next 10 years. the estimated rate of return is 7 percent annually that she would be earning in semi-annual compounding basis. will dr. amara have enough to pay for her twin’s college expenses? how much would she have saved in 10 years with the interest?

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?