Assume that MHS purchased two additional pieces of equipment on April 1st (the first day of its fiscal year), as follows: The laboratory equipment cost $300,000 and has an expected life of 5 years. The salvage value is 5 percent of cost. No equipment was traded in on this purchase. The radiology equipment cost $800,000 and has an expected life of 10 years. The salvage value is 10 percent of cost. No equipment was traded in on this purchase. Required For both pieces of equipment: a. Compute the annual straight-line depreciation for the laboratory equipment. b. Compute the annual straight-line depreciation for the radiology equipment.

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?