A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producin one 200-pound batch are presented below. The last 200-pound batch was produced using 160 pounds of M and 110 pounds of C The price of M was $0.03 per pound and the actual price of O was $0.10. Material 0 H M Standard Quantity (pounds) 0 100 100 200 Standard Cost per pound $ 0.10 0.08 0.02 What is the materials mix variance? Total Cost $ 0 8.00 2.00 $10.00

A company makes a product using two materials, one of which is interchangeable with a third material The standards for produci one 200 -pound batch are presented below. The last 200 -pound batch was produced using 160 pounds of M and 110 pounds of O The price of M was $003 per pound and the actual price of O was $010 What is the materials mix variance