Type the correct answer in the box. Spell all words correctly. After analyzing his business venture, Jim chalked out a business plan, which included maintaining a high liquidity to cover any cash crunch at a future date. He also insured his inventory to cover all losses that could arise due to theft and damage as his goods are transported and stored in warehouses all over the country. How would you classify his plan?

Jim’s business policy could be classified as a ___ plan.

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?