Blue Spruce Corp. has the following inventory data: July 1 Beginning inventory 35 units at $22 $770 7 Purchases 122 units at $23 2806 22 Purchases 17 units at $26 442 $4018 A physical count of merchandise inventory on July 30 reveals that there are 56 units on hand. Using the average cost method, the value of ending inventory is:

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?