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  3. a firm has two inputs: x and y. the firm understan

A firm has two inputs: X and Y. The firm understands these inputs to be...

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Accounting

A firm has two inputs: X and Y. The firm understands these inputs to be substitutable. The firm's standard mix is 2 unit(s) of input X for every 6 unit(s) of input B.

  • Input X costs $20 per unit
  • Input Y costs $6 per unit

The firm's actually used 4,000 total input units, with 1,000 units of input X and 3,000 units of input Y.

What is the firm's mix variance for these inputs?

Round final answer to cents if necessary.

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