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Matt's Eat 'N Run has two categories of direct labor unskilled, which costs $20 per hour, and skilled, which costs $30 per hour. Management has

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Matt's Eat 'N Run has two categories of direct labor unskilled, which costs $20 per hour, and skilled, which costs $30 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 lobor Unskilled labor 3 minutes per equivalent meal 7 minutes per equivalent moal For the year, Matt's sold 190,000 equivalent friendly meals and incurred the following labor costs. Skilled labor Unakilled labor 9,500 hours 11,000 hours $291,000 242,000 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. Enter your answers rounded to the nearest whole dollar) Skilled Unskilled Total Labor price variance Labor efficiency variance Ramilied Required 8 >

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