Question: Coffen Corp. employs engineers and draftspeople. The average hourly rates are $60 for engineers and $30 for draftspeople. For one project, the standard was set

Coffen Corp. employs engineers and draftspeople. The average hourly rates are $60 for engineers and $30 for draftspeople. For one project, the standard was set at 400 hours of engineer time and 600 hours of draftsperson time. Actual hours worked on this project were:
Engineers—500 hours at $65 per hour
Draftspeople—500 hours at $32 per hour
Determine the labor rate, mix, and yield variances for this project.

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