1) Question Kashyap Company manufactures its product using three input materials. The budgeted usage of materials for one batch of product was as follows: Budgeted production was 240,000 batches and actual production was 272,000 batches. Actual total inputs usage is presented in the table below: Required: a) Which of the following is true? A. Standard total material cost was $3,465,312 B. Actual total material cost was $555,816 higher than total standard cost C. Actual total material cost was $3,481,600 D. Actual total material cost was $146,216 higher than total standard cost b) What was the total material yield variance? A. $39,595 favorable to the company B. $16,288 favorable to the company C. $39,595 adverse to the company D. $16,288 adverse to the company c) What was the total material mix variance? A. $23,574 favorable to the company B. $23,306 favorable to the company C. $23,574 adverse to the company D. $23,306 adverse to the company d) What was the material cost variance for each material, in aggregate? A. $162,504 favorable to the company B. $146,216 favorable to the company C. $162,504 adverse to the company D. $146,216 adverse to the company e) Which of the following is false? A. The sum of the calculated variances is equal to the difference between standard total material cost and actual total material cost B. The company saved costs on managing material inputs compared to its initial budget C. The company was using inputs more efficiently than it planned D. The company saved costs by lowering the purchase cost of one of the materials