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A firm has two inputs: X and Y. The firm understands these inputs to be substitutable. The firm's standard mix is 1 unit(s) of input

A firm has two inputs: X and Y. The firm understands these inputs to be substitutable. The firm's standard mix is 1 unit(s) of input X for every 8 unit(s) of input B.

  • Input X costs $23 per unit
  • Input Y costs $5 per unit

The firm's actually used 4,000 total input units, with 1,000 units of input X and 3,000 units of input Y.

What is the firm's mix variance for these inputs?

NOTE: only input 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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