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GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:

Calculate the following variances for October, taking account of the more detailed information regarding the labour mix:

(i) The total labour efficiency variance

(ii) The total labour mix variance

(iii) The total labour yield variance

Select the correct statements.

Select all that apply.

• A

  Labour yield variance: $ 144 000 A

• B

  Labour mix variance: $ 66 000 F

• C

  Labour efficiency variance: $ 78 000 A

• D

  Labour efficiency variance: $ 78 000 F

• E

  Labour efficiency variance: $ 88 000 F

• F

  Labour mix variance: $ 75 000 F

• G

  Labour efficiency variance: $ 98 000 A

• H

  Labour mix variance: $ 63 000 A