Matt's Eat 'N Run has two categories of direct labor, unskilled, which costs $6 per hour, and skilled, which costs $12 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 3 minutes per equivalent meal Unskilled labor 6 minutes per equivalent meal For the year, Matt?s sold 257,800 equivalent friendly meals and incurred the following labor costs: Skilled labor 3,960 hours $ 49,500 Unskilled labor 7,740 hours 93,200 Required: (a) Compute labor price and efficiency variances. (Round your intermediate calculations and final answers to the nearest dollar amount. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.) Skilled Unskilled Total Labor price variance $ $ $ Labor efficiency variance $ $ $ (b) Compute labor mix and yield variances. (Round your intermediate calculations and final answers to the nearest dollar amount. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.) Skilled Unskilled Total Labor mix variance $ $ $ Labor yield variance $ $ $

Matt's Eat 'N Run has two categories of direct labor, unskilled, which costs $6 per hour, and skilled, which costs $12 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: 3 minutes per equivalent meal 6 minutes per equivalent meal Skilled labor Unskilled labor For the year, Matt's sold 257,800 equivalent friendly meals and incurred the following labor costs: Skille 3,960 hours d labor Unski lled 7,740 hours labor $ 49,500 93,200 Required: (a Compute labor price and efficiency variances. (Round your intermediate calculations and ) final answers to the nearest dollar amount. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.) Skilled Labor price variance Labor efficiency variance Unskilled Total $ $ $ $ $ $ (b Compute labor mix and yield variances. (Round your intermediate calculations and final ) answers to the nearest dollar amount. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.) Skilled Labor mix variance Unskilled $ Total $ $ Labor yield variance $ check my workeBook Linkreferences $ $ Matt's Eat 'N Run has two categories of direct labor, unskilled, which costs $6 per hour, and skilled, which costs $12 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: 3 minutes per equivalent meal 6 minutes per equivalent meal Skilled labor Unskilled labor For the year, Matt's sold 257,800 equivalent friendly meals and incurred the following labor costs: Skille 3,960 hours d labor Unski lled 7,740 hours labor $ 49,500 93,200 Required: (a Compute labor price and efficiency variances. (Round your intermediate calculations and ) final answers to the nearest dollar amount. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.) Skilled Labor price variance Labor efficiency variance Unskilled Total $ $ $ $ $ $ (b Compute labor mix and yield variances. (Round your intermediate calculations and final ) answers to the nearest dollar amount. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.) Skilled Labor mix variance Unskilled $ Total $ $ Labor yield variance $ check my workeBook Linkreferences $ $