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Simipie Snscks produces snack mixes for the gourmet and natural foods markot. In the current period, Simple Snacks made 160 batches of Ternpeing Trail M (Click the icon to vew tho budgeted quantties and budgoted prices of direct matarials) With the following actual quantty, cost, and m ix of inputs: (Click the icon to vewt the octual quantify, cost, and max of inputs.) Read the regirements. Requirement 1. What is the budgoted cost of direct materials for the 160 batches? Begin by catculating the total budgoted number of cups and the budgeted cost of direct materiats for one botch, Now select the formula and enter the amounts to calculate the budpeted cost of direct materials for 160 batchos Requirement 2. Calculase the total direct materials effolency vaisiance. Select the formula and enter the amounts to calculate the toctal direct materials officiency variance. identily esch vorlance as eicher factorable (F) or untavorabile (U). (Enier any iequirement 2. Calculate the total direct materials efficiency variance, select the formula and enter the amounts to calculate the total direct materials efficiency variance. Identify each vatiance as either factorable (F) or unfavorable (U). (Eriter arty quantity amounts as the number of cups. Act: = Actual, Budg. = Budgeted, Cran. = Cranberties, Effic, = Etficiency, Qty, = Quantity, Var, = Variance. Peanuts ( Cran, ( Chocolate ( Total Requirement 3. Calculate the total direct materiols mix and yield variances. Begin by solecting the formula and entering the amounts to calculate the total direct materials mix variance. Identify each variance as either faclorabie (F) or unfavorablo (U). (Enter any percentages in decimal format to two decimal places, 0X. Abbreviations used: As of DM input = Actual price of diect materials input, ADM mix *h a Actual diroct materials input max percentage. ATQ inputs used = Actual total quantity of all ditect materials inputs used, BS of DM input = Budgeted price of direct materials input, BDM rixk ty a Budgoted direct materiah ingut mix percentage, BTQ inputs allewed = Budgeted total quantity of all direct materlats inputs allowed for actual output, Mix var = Direct maserials mix varince for each input.) Next, select the formula and enter the amounts to calculate the total direct materials yicld variance. Identity each variance as elther factorable (F) or untevorable (U). (Enter any percentages in decimal format to two decimal places, 0 XOX. Abbreviations used: As of DM input = Aclual price of direct materials input, ADM mx materials input mix percentage, BTQ inputs allowed = Budgeted total quantity of all direct materials inpuls allowed for actual ou'put, Yold var = Ditect materials mix veriance for each input) Requirement 4. How do the variances calculated in requitement 3 relate to those colculated in requirement 2 ? What do the varianons calailated its requirement 3 tell you atout the 160 batches produced this period? Are the veriances large enough to imvestigate? How do the vailances cilculated in requirenent 3 relete to those calculated in requirement 2 ? A. The total mix variance less the total yield variance equals the total eficiency variance. B. The total yield variance teos the total mix variance equals the total efficiency variance. C. The toeal effelency variance combines with the total msx yoriance to equal the total yeld variance D. The total mix variance combines with the total yeld variance to oqual the total efticiency yariance. Requirement 4. How do the variances caloulated in requirement 3 relate to those calculated in fequirement 2 ? What do the variances calculated in requrement 3 tell you about the 160 batches produced this period? Are the variances large enough to investigate? How do the variances calculated in requirement 3 relate to those calculated in fequirement 2 ? A. The total mix variance loss the total yeld variance equals the total efficiency variance. B. The totel yield variance less the total mox variance equals the total afficiency variance. C. The total efficiency variance combines with the total mix variance to equal the total yieid variancel. D. The total mix variance combines with the tolal yield vaiance to equal the total elficiency variance. What do the variances coiculated in requirement 3 tell you about the 160 belches produced this period? The direct materials mix variance indicates that the octual prodict mix The ditect materia's yietd varlance occurs because the amount of total inputs needed the budgeted amount expected to produce 160 batches Are the varionces iarge enough to investgate? The mix variance [ since it is largely due to the use of Which is considered an important element of the producrs appeal to custorners. The diect materials yield variance is Data table Its most popular product is Tempting Trail Mix, a mixture of peanuts, dried cranberries, and chocolate pieces. For each batch, the budgeted quantities and budgeted prices are as Small changes to the standard mix of direct material quantities do not significantly affect the overall end product. In addition, not all ingredients added to production end up in the finished product, as some are rejected during inspection