You can buy an item for $130 on an in-store payment plan with the promise to pay $130 in 90 days. suppose you can buy an identical item for $126 cash. if you buy the item for $130, you are in effect paying $4 for the use of $126 for three months. what is the effective annual rate of interest? ignore interest rate compounding. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

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?