Four local businesses; a boat cruise company, a local hotel, a restaurant, and an ice-cream stand, have decided to offer a special "night on the Rideau " for $250 per couple. "Night on the Rideau includes: dinner, a boat cruise ice cream and a night at a hotel. If purchased separately, this offer could cost $315 (hotel $150, boat cruise $50, restaurant $110, ice cream $5). Required A. Allocate the revenue of $250 between the three local businesses alone method. B. Allocate the revenue of $250 between the three local businesses using the incremental revenue. Assume the order of preference is as follows: 1. Restaurant 2. Ice Cream 3. Boat Cruise 4. Hotel using the stand Given the following information for Direct Labour: budgeted budgeted labour hours labour rate (in hours) 40 480 Employee Senior Junior Temporary Employee Senior Junior Temporary 120 actual labour hours (in hours) 60 490 80 (in s/hour) 30 20 15 actual labour rate. (in $/hour) 30 20 15 budgeted labour cost (in $) 1,200 9,600 1,800 actual labour cost (in s) 1,800 9,800 1,200 The budget is based on production of 40 units. Actual production was 45 units. Requried: Calculate the following variances: A. Labour Price B. Labour Efficiency C. Labour mix variance D. Labour yield variance E. Assume that the Labour rate and Labour yield variances are inter-linked. Give a possible explanation for the mix and yield variances.