QUESTION 7 - Mix and yield variances (13 marks) Mary's Marvelous Marmalade (MMM) makes a marmalade with oranges and raspberries. Customers keep retuming to buy this marmalade because of the zesty taste of oranges and orange peel along with a hint of raspberries. The production manager has determined that to produce 40 kg of marmalade requires 32 kg of oranges at a budgeted cost of $3.00 per kg and 18 kg of raspberries at a budgeted cost of $6.00 per kg. First quarter results to make 8,200 kilograms of jam are as follows: ACTUAL Cost Kilograms used $2.90 6,604 $6.25 3,556 Oranges Raspberries Required a. What is MMM's total mix variance for the quarter? (3 marks) b. What is MMM's total yield variance for the quarter