LaPointe Corporation Uses Two Different Types of Labor to Manufacture

LaPointe Corporation uses two different types of labor to manufacture its product. The types of labor, Cutting and Setup, have the following standards: $\begin{array} { l r r r } \text { Labor Type } & \text { Standard Mix } & \text { Standard Unit Price } & \text { Standard Cost } \\ \text { Cutting } & 800 \text { hours } & \$ 12.00 \text { per unit } & \$ 9,600 \\ \text { Setup } & 200 \text { hours } & 8.00 \text { per unit } & \$ 1,600\\\\\text { yield }&5,000 \text { units }\\ \end{array}$ During January, the following actual production information was provided: $\begin{array}{lr}\text { Labor Type } & \text { Actual Mix } \\\text { Cutting } & 7,000 \text { hours } \\\text { Setup } & 3,000 \text { hours } \\\text { Yield } & 45,000 \text { units }\end{array}$ Required:
Calculate the labor efficiency and mix and yield variances.