(solution) Analysts at Spring Break Ltd. have gathered the following data

(solution) Analysts at Spring Break Ltd. have gathered the following data

Analysts at Spring Break Ltd. have gathered the following data:Budgeted direct labour mix at standard rate, for actual output achieved:Skilled labor 7,650 hours at $32 per hourUnskilled labor 2,550 hours at $24 per hourActual results:Skilled labor 8,000 hours at $38 per hourUnskilled labor 2,000 hours at $18 per hourRequired:1. Calculate the mix and yield variances for direct labour