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25 points Dough Ltd produces Product D, which required the input of 3 different materials. The standard cost details for a single batch of Product Dis as follows: 24 litres of Eat E 5.75 per litre 54 litres of Fat E 6.50 per litre 42 litres of Gat 3.50 per litre A standard loss of 10% of inputs is expected to occur. The actual inputs for the latest period were: 3.250 litres of E 2.000 litres of 1,150 litres of G Actual output for the period was 6.250 litres. Required: a) Calculate the total materials mix variance using the weighted average method. [10 marks) b) Calculate the materials yield variance. 15 marks) c) Explain what is meant by material mix and material yield variances and discuss the possible reasons for the material mix and yield results you have calculated in parts a) and b) above (Max 400 words) [10 marks) Please type your answer (including your workings) in the box below. if you need to include some written work either before or after the table, please use the arrow keys on your keyboard to scroll up and down within the text box (as using the mouse may not work). 25 points Dough Ltd produces Product D, which required the input of 3 different materials. The standard cost details for a single batch of Product Dis as follows: 24 litres of Eat E 5.75 per litre 54 litres of Fat E 6.50 per litre 42 litres of Gat 3.50 per litre A standard loss of 10% of inputs is expected to occur. The actual inputs for the latest period were: 3.250 litres of E 2.000 litres of 1,150 litres of G Actual output for the period was 6.250 litres. Required: a) Calculate the total materials mix variance using the weighted average method. [10 marks) b) Calculate the materials yield variance. 15 marks) c) Explain what is meant by material mix and material yield variances and discuss the possible reasons for the material mix and yield results you have calculated in parts a) and b) above (Max 400 words) [10 marks) Please type your answer (including your workings) in the box below. if you need to include some written work either before or after the table, please use the arrow keys on your keyboard to scroll up and down within the text box (as using the mouse may not work)

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