Exercise 17-32 (Algo) Labor Mix and Yield Variances (LO 17-5) Matt's Eat 'N Run has two categories of direct labor unskilled, which costs $19 per hour, and skilled, whlch costs $29 per hour....

Extracted text: Exercise 17-32 (Algo) Labor Mix and Yield Variances (LO 17-5) Matt's Eat 'N Run has two categories of direct labor unskilled, which costs $19 per hour, and skilled, whlch costs $29 per hour. Management has established standards per "equivalent friendly meal," which has been defined as a typical meal consisting of a hamburger, a drink, and french fries. Standards have been set as follows. Skilled labor Unskilled labor 2 minutes per equivalent meal 6 minutes per equivalent meal For the year, Matt's sold 189.000 equivalent friendly meals and incurred the following labor costs. Skilled labor Unskilled labor 6,300 hours 10,500 hours $188,600 241,800 Required: a. Compute labor price and efficiency variances. b. Compute labor mix and yield variances. Complete this question by entering your answers In the tabs below. Required A Required B Prev 14 of 17 Next acer