Sandy's 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.) Requirement 1. What is the budgeted cost of direct materials for the 100 batches? Begin by calculating the total budgeted number of cups and the budgeted cost of direct materials for one batch. Peanuts Dried cranberries Chocolate pieces Quantity for One Batch 60 cups 30 cups 10 cups $ $ $ Price of Input 1 per cup 2 per cup 3 per cup Total Cost for One Batch Total cups Now select the formula and enter the amounts to calculate the budgeted cost of direct materials for 100 batches. Budgeted cost of 100 batches Requirement 2. Calculate the total direct materials efficiency variance. = Choose from any list or enter any number in the input fields and then continue to the next question. In the current period, Sandy's Snacks made 100 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. -* 2. Requirement 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 variance as either factorable (F) or unfavorable (U). (Enter any quantity amounts as the number of cups. Act. = Actual, Budg. = Budgeted, Cran. = Cranberries, Effic. = Efficiency, Qty. = Quantity, Var. = Variance.) Peanuts ( Cran. ( Chocolate ( Total ) x ) x ) x Effic, var. Requirement 3. Calculate the total direct materials mix and yield variances. Begin by selecting the formula and entering the amounts to calculate the total direct materials mix variance. Identify each variance as either factorable (F) or unfavorable (U). (Enter any percentages in decimal format to two decimal places, 0.XX. Abbreviations used: A$ of DM input = Actual price of direct materials input, ADM mix % = Actual direct materials input mix percentage, ATQ inputs used= Actual total quantity of all direct materials inputs used, B$ of DM input = Budgeted price of direct materials input, BDM mix % = Budgeted direct materials input mix percentage, BTQ inputs allowed = Budgeted total quantity of all direct materials inputs allowed for actual output, Mix var. = Direct materials mix variance for each input.) Mix var. Peanuts Cran. Chocolate ( Total Next, select the formula and enter the amounts to calculate the total direct materials yield variance. Identify each variance as either factorable (F) or unfavorable (U). (Enter any percentages in decimal format to two decimal places, 0.XX. Abbreviations used: A$ of DM input = Actual price of direct materials input, ADM mix % = Actual direct materials input mix percentage, ATQ inputs used= Actual total quantity of all direct materials inputs used, B$ of DM input = Budgeted price of direct materials input, BDM mix % = Budgeted direct materials input mix percentage, BTQ inputs allowed = Budgeted total quantity of all direct materials inputs allowed for actual output, Yield var. = Direct materials mix variance for each input.) Yield var. Peanuts ( Cran. Chocolate ( Total x Requirement 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 100 batches produced this period? Are the variances large enough to investigate? How do the variances calculated in requirement 3 relate to those calculated in requirement 2? O A. The total mix variance combines with the total yield variance to equal the total efficiency variance. OB. The total mix variance less the total yield variance equals the total efficiency variance. OC. The total yield variance less the total mix variance equals the total efficiency variance. 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: Peanuts Dried cranberries Chocolate pieces Quantity per Batch Price per Cup 60 cups 1 30 cups 2 10 cups $ $ $ 3 1. What is the budgeted cost of direct materials for the 100 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 100 batches produced this period? Are the variances large enough to investigate? Print Done