The Fido Company manufactures a popular brand of dog food. The dog food is mixed in 450 kilogram batches. The standard input for material per batch is as follows:

Standard price

Kilogramsper kilograms

Cereal200$0.15

Horse meat150$0.40

Fish parts100$0.36

Input450

Output400

The dog food is packed in cans weighing 5 kilograms, during the month of July, 11,200 cans were produced. The following materials were used during July:

Kilograms

Cereal29,200

Horse meat19,800

Fish parts14,300

Input63,300

Purchases for July were as follows:

Standard price

Kilogramsper kilograms

Cereal30,200$4,500

Horse meat19,500$7,950

Fish parts14,600$5,190

Input64,300$17,640

Fido uses a standard cost system and calculates materials price variance at the time of purchase.

Required: Please show all your computations to support your answer

1.Compute the material mix variance for the month

2.Compute the material yield variance for the month