Question 2 (12 points) Jam Life Inc. manufactures jam products. It makes a mixed fruit and berry jam by blending strawberries, peaches, and apricots. The standard production process requires 4 kg of raw materials to make 1 kg of finished product. 1 kg of finished product can be packaged into two 500 g jars. Budgeted costs to produce 100,000 kilograms of jam in September were: Ingredient Strawberry Peach Apricot Kilograms Cost per Kg. Total Cost 80,000 kg $1.25 $100,000 100,000 kg. $1.80 $180,000 220,000 kg. $2.25 $450,000 Actual costs to produce 100,000 kilograms of jam in September were: Ingredient Strawberry Peach Apricot Kilograms Cost per Kg. Total Cost 105,000 kg $1.15 $120,750 105,000 kg. $1.80 $189,000 210,000 kg. $2.10 $441,000 Required: a) Calculate the total direct materials rate and efficiency variances. b) Calculate the total direct materials mix and yield variances. c) Assume Jam life's fixed costs per month are $296,000 and they sell a jar of jam for $4.50. What is their breakeven point in both units and dollar sales? Use the standard cost per jar in your calculations. d) Given your answer from part c), what is the company's margin of safety assuming they typically sell 100,000 kg of jam per month