The firm has two labor inputs: senior and junior laborer. The standard mix is 1...
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The firm has two labor inputs: senior and junior laborer. The standard mix is 1 senior laborer hour per 3 junior laborer hours. Four total hours is the standard hour of input for a single finished goods unit. Senior laborers cost $22.4 per hour, and junior laborers cost $13.39 per hour.
The firm has actually completed 10,069 finished goods units and used 38,869 total labor hours.
What is the firm's yield variance?
NOTE: only enter a number, without indicating favorability (for simplicity, I've made sure that the relevant variance equation leads to a positive number). Round final answer to cents if necessary.
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