XYZ Co. uses two types of materials in the production. The following standards were developed: Material M1 M2 Yield Material M1 M2 Standard Mix Standard Unit Price 2 units $20 per unit 3 units 12 per unit Yield 25 units During January, the following actual production information was provided: Actual Mix 22,000 units 43,000 units Standard Cost $40 $36 320,000 units Required: (1) Determine the mix variance and the yield variance. (2) Determine the MUV.