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 labor 3 minutes per equivalent meal Unskilled labor 7 minutes per equivalent meal For the year, Matts sold 190,000 equivalent friendly meals and incurred the following labor costs. Skilled labor 9,500 hours $ 291,000 Unskilled labor 11,000 hours 242,000 Required: a. Compute labor price and efficiency variances. b. Compute labor mix and yield variances.