MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions)
Year
2021 2020 Change
Cash $ 132 $ 126 $ 6
Accounts receivable 257 271 (14 )
Inventory 463 476 (13 )
Accounts payable 193 186 7
Salaries payable 105 112 (7 )
Interest payable 51 46 5
Income tax payable 42 36 6
Sales $ 860 Cost of goods sold 301 Gross margin 559 Salaries expense $ 140 Depreciation expense 94 Amortization expense 5 Interest expense 34 Loss on sale of land 4 277 Income before taxes 282 Income tax expense 141 Net Income $ 141 Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct

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?