Exercise 17-32 (Static) Labor Mix and Yield Variances (LO 17-5) Matt's Eat 'N Run has two categories of direct labor unskilled, which costs $10 per hour, and skilled, which costs $20 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 2 minutes per equivalent meal Unskilled labor 6 minutes per equivalent moal For the year, Matt's sold 180.000 equivalent friendly meals and incurred the following labor costs. Skilled labor Unskilled labor 6,000 hours 15,000 hours $125,000 240,000 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 Compute Labor mix and yield variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting 'F for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Skilled Unskilled Total Labor mix variance Labor variance