Karen's Cookies makes Chocolate-banana cookies. Below is the variance worksheets for the actual December 2020 production of 78,000 boxes of cookies. Chocolate AAA AAB ABB BBB Time left 1:06:18 Total Units Used 110,000 110,000 110,000 97,500 Production Mix 75.00% 75.00% 70.00% 70.00% Cost per Unit 51.4000 $1.5000 $1.5000 $1.5000 TOTALS $115.500 $123.750 $115,500 $102.375 Banana AAA AAB ABB BBB Total Units Used 110,000 110,000 110,000 97,500 Production Mix 25.00% 25.00% 30.00% 30.00% Cost per Unit $1.0000 $0.7500 $0.7500 $0.7500 TOTALS $27.500 $20,625 $24.750 $21.938 GRAND TOTALS $143.000 $144,375 $140.250 $124,313 Question :7- Record the two journal entries required to recognize the DM Price Variance, the DM Mix variance and the DM Yield Variance. Explanations are not required. (5 marks) 7 A BI III Account DR CR Karen's Cookies makes Chocolate-banana cookies. Below is the variance worksheets for the actual December 2020 production of 78,000 boxes of cookies. Time lotto Chocolate AAA AAB ABB BBB Total Units Used 110,000 110,000 110,000 97,500 Production Mix 75.00% 75.00% 70.00% 70.00% Cost per Unit $1.4000 51.5000 $1.5000 $1.5000 TOTALS $115.500 $123.750 $115.500 $102.375 Banana AAA AAB ABB BBB Total Units Used 110,000 110,000 110,000 97,500 Production Mix 25.00% 25.00% 30.00% 30.00% Cost per Unit $1.0000 $0.7500 $0.7500 $0.7500 TOTALS $27.500 $20.625 $24.750 $21.938 GRAND TOTALS $143.000 $144.375 $140.250 $124.313 Question 15. Complete the management report shown below. Be sure to state whether they are U or F. 7 A B I !!! Chocolate Banana Totals F/U Variances: Flex Budget Variance Price Variance Quantity (Efficiency) Variance Mix Variance Yield Variance