Ronnie's custom cars purchased some fixed assets two years ago for $39,000. the assets are classified as 5-year property for macrs. ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. ronnie has been offered $19,000 for his old assets. what is the net cash flow from the salvage value if the tax rate is 34%?

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?