Tip's Snacks produces snack mixes for the gourmet and natural foods market. B (Click the icon to view the budgeted quantities and budgeted prices of direct materials.) In the current period, Tip's Snacks made 170 batches of Tempting Trail Mix with the following actual quantity, cost, and mix of inputs: B (Click the icon to view the actual quantity, cost, and mix of inputs.) Read the requirements. 40 (si Help Data Table X Snacks met and Click the made 170 the followi uts: al quantity budgeted 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: Quantity per Batch Price per Cup uirement Peanuts 60 cups $ 2 Dried cranberries 30 cups $ 3 aterials fo n by calci 7. Chocolate pieces 10 cups $ 4 Data Table d ch Small changes to the standard mix of direct material quantities do not significantly affect the overall end product. In addition, not all ingredients added to production end up in the finished product, as some are rejected during inspection. Actual Quantity Actual Cost Actual Mix Peanuts 11,840 cups $ 22,496 64% Dried cranberries 24% 4,440 cups 2,220 cups 14,297 8,725 12% Chocolate pieces 18,500 cups $ 45,518 100% Total actual Print Done 1. What is the budgeted cost of direct materials for the 170 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 170 batches produced this period? Are the variances large enough to investigate