Before month-end adjustments are made, the february 28 trial balance of cole’s enterprise contains revenue of $11,000 and expenses of $8,900. adjustments are necessary for the following items: • depreciation for february is $1,200. • revenue earned but not yet billed is $2,800. • accrued interest expense is $900. • revenue collected in advance that is now earned is $2,500. • portion of prepaid insurance expired during february is $500. calculate the correct net income for cole's enterprise for the month end.

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?