Jessie's Jams is well known for its Black N' Blue Jam, which consists of a mix ofblueberries, blackberries and raspberries. The standard ingredients and cost for 80kilograms of jam are as follows:
Kilograms Price/kg
Blueberries 15 $0.48
Blackberries 60 $0.42
Raspberries 25 $0.36
During the month of July, Jessie's produced 240,000 kilograms of jam using the followinginputs and prices:
Kilograms Price/kg
Blueberries 58,000 $0.45
Blackberries 176,000 $0.42
Raspberries 86,000 $0.33
What were the total mix and yield variances for the month of July?
a) Mix variance: 240 U; Yield variance: 0
b) Mix variance: 240 U; Yield variance: 8,280 U
c) Mix variance: 2,245 F; Yield variance: 8,280 U
d) Mix variance: 2,245 F; Yield variance: 8,520 U