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Please check my work for parts A and B. Thank you! Matt's Eat 'N Run has two categories of direct labor: unskilled, which costs $21
Please check my work for parts "A" and "B". Thank you!
Matt's Eat 'N Run has two categories of direct labor: unskilled, which costs $21 per hour, and skilled, which costs $35 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. For the year, Matt's sold 195,000 equivalent friendly meals and incurred the following labor costs. 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. 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.) Complete this question by entering your answers in the tabs below. Compute labor mix and yield 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.)Step by Step Solution
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