Problem 17-58 (Static) Labor Mix and Yield Variances (LO 17-5) Pease Contractors is a local home remodeling company. In analyzing financial performance, the accountant compares actual results with a flexible budget. The standard direct labor rates used in the flexible budget are established each year at the time the annual plan is formulated and held constant for the entire year. The standard direct labor rates in effect for the current fiscal year and the standard hours allowed for the actual output of work for August are shown in the following schedule. Required: Calculate the dollar amount of the total direct labor variance for August for Pease Contractors. Break down the total variance into th following components: a. Direct labor price and efficiency variances. b. Direct labor mix and yield variances. Complete this question by entering your answers in the tabs below. Direct labor price and efficiency variances. Note: 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. Required: Calculate the dollar amount of the total direct labor variance for August for Pease Contractors. Break down the total variance into th following components: a. Direct labor price and efficiency variances. b. Direct labor mix and yield variances. Complete this question by entering your answers in the tabs below. Direct labor mix and yield variances. Note: 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