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 meal For the year, Matt's sold 180,000 equivalent friendly meals and incurred the following labor costs skilled labor 6,000 hours Unskilled labor 15,000 hours 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 Required B Compute labor price and efficiency 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 price variance Labor efficiency variance