On november 1, orpheum company accepted a $11,500, 90-day, 8% note from a customer to settle his account. what entry should be made on the november 1 to record the acceptance of the note? multiple choice debit sales $11,500; credit accounts receivable $11,500. debit note receivable $11,500; credit cash $11,500. debit note receivable $11,500; credit accounts receivable $11,500. debit note receivable $11,730; credit accounts receivable $11,500; credit interest revenue $230. debit note receivable $11,500; credit sales $11,500.

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?