Fish parts The Fido Company manufactures a popular brand of dog food. The dog food is mixed in 450 kilogram batches. The standard input for material per batch is as follows: Standard price Kilograms per kilograms Cereal 200 $0.15 Horse meat 150 $0.40 100 $0.36 Input 450 Output 400 The dog food is packed in cans weighing 5 kilograms, during the month of July, 11,200 cans were produced. The following materials were used during July: Kilograms Cereal 29,200 Horse meat 19,800 14,300 Input 63,300 Purchases for July were as follows: Standard price Kilograms per kilograms Cereal 30,200 $4,500 Horse meat 19,500 $7,950 14,600 $5,190 Input 64,300 $17,640 Fido uses a standard cost system and calculates materials price variance at the time of purchase. required: 1. Compute the material mix variance for the month (5 marks) 2. Compute the material yield variance for the month (5 marks) Fish parts Fish parts