Preferred Snacks produces snack mixes for the gourmet and natural foods market. (Click the icon to view the budgeted quantities and budgeted prices of direct materials.) In the current period, Preferred Snacks made 180 batches of Tempting Trail Mix with the following actual quantity, cost, and mix of inputs: (Click the icon to view the actual quantity. cost, and mix of inputs.) Read the requirements. Ranin hv calculating the total budgeted number of cups and the budgeted cost of direct materials for one batch. 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 follows: Data table 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. Requirements 1. What is the budgeted cost of direct materials for the 180 batches? 2. Calculate the total direct materials efficiency variance. 3. Calculate the total direct materials mix and yield variances. 4. How do the variances calculated in requirement 3 relate to those calculated in requirement 2 ? What do the variances calculated in requirement 3 tell you about the 180 batches produced this period? Are the variances large enough to investigate