Balanced Ltd. makes a protein powder. For a 50-pound batch, standard material and labor costs are as follows:

During June, the following materials and labor were used in producing 700 batches of protein powder:

a. Calculate the material price, mix, and yield variances.

b. Calculate the labor rate, mix, and yield variances.

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Quantity Unit Price Plant-based blend..... Soy... Whey 30.00 pounds 30.00 pounds $0.30 per pound $0.20 per pound 15.00 pounds $0.10 per pound Skilled labor 1.12 hours $15 per hour Unskilled labor 0.28 hour $10 per hour