Bethesda Ltd. are a small company who produce home brew kits. They have been struggling in recent months and have appointed a Management Accountant, Richard, to help them control the business. The home brew kits are produced in batches or 'a mix' The home brew kits are manufactured in a process which requires the following standard mix:

Material Quantity Price Cost

Hops 25 3.00 75.00

Malt 20 4.00 80.00

Water 300 0.10 30.00

Yeast 5 1.00 5.00

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190.00

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Each mix should produce 800 kits

During April 2021, the actual output was 46,400 kits, from the following input:

Material Quantity Price Cost

Hops 1600 3.30 5280

Malt 1250 4.00 5000

Water 18500 0.12 2220

Yeast 290 0.90 261

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12761

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Required: a. For the month of April calculate for each material:

1. price variance;

2. usage variance;

3. mix variance;

4. yield variance. (10 marks)