Calculate the rate and efficiency variances for variable setup overhead costs. (4) 7) Fraser Industries Inc. manufactures farm products. It makes a popular lawn fertilizer by mixing nitrogen, potassium and phosphorus. Calculate the total direct materials mix and yield variances when the actual production and budgeted production was 100,000 bags of fertilizer. (4) Budgeted costs in the month were: Ingredient Kilograms Cost per Kg. Nitrogen 220,000 kg. $1.25 Potassium 100,000 kg. $1.80 Phosphorus 80,000 kg. $2.25 Actual costs in the month were: Ingredient Kilograms Cost per Kg. Nitrogen 210,000 kg. $1.15 Potassium 105,000 kg. $1.80 Phosphorus 105,000 kg. $2.10 8) City Franks sells hot dogs in many locations in the City of Vancouver for $1.35. Variable costs are $1. 10 per