1. what is material price variance 2.what is total material mix variance 3 what is total material yield variance 4.what is labor rate variance 5.what is labor mix variance 6.what is labor yield yield variance

188. Industrial Solutions Company Industrial Solutions Company manufactures a cleaning solvent. The company employs both skilled and unskilled workers. To produce one 55 -gallon drum of solvent requires Materials A and B as well as skilled labor and unskilled labor. The standard and actual material and labor information is presented below: Standard: Material A:30.25 gallons @ $1.25 per gallon Material B:24.75 gallons@\$2.00 per gallon Skilled Labor: 4 hours@\$12 per hour Unskilled Labor: 2 hours@\$7 per hour Actual: Material A:10,716 gallons purchased and used @ \$1.50 per gallon Material B: 17,484 gallons purchased and used @,\$1.90 per gallon Skilled labor hours:1,950@\$11.90 per hour Unskilled labor hours:1,300@\$7.15 per hour During the current month Industrial Solutions Company manufactured 50055 -gallon drums. Round all answers to the nearest whole dollar