Problem 5 During the month of May, the following data applies: Raw material Standard mix Actual mix Amount Units kos Price $ Amount $ Units Kgs Price $ X 60 25 1,500 56 25 1,400 Y 40 50 2,000 44 50 2,200 Total 100 3,500 100 3,600 Less: Loss 30 26 70 74 Yield The standard loss is 30%. Calculate: (a) Material yield variance (b) Material mix variance