2 4 points Wye Ltd has the following information for labour costs for the last financial period: Standard cost of labour. 5 hours at 10 per hour - 50 per unit Budget production = 15,700 units Actual results: Labour: 11,400 hours cost 134,520 Actual Production - 16,000 units Due to an unexpected pay deal negotiated by the trade union, the standard labour rate per hour was revised to 11.50 per hour. As a result the original budget was not useful for analysing performance. Calculate the labour rate variance and analyse it into the planning and operational variances. Enter your answers in the statement below. The Labour Rate is type your travers choose your answer.. The Labour Rate Planning variance is type your own choose your answer... and the Labour Rate Operational Variance is typer your answer choose your