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Advanced Variances
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Section A NutriBake produces energy bars using a standard mix of oats and honey. The standard mix is 60% oats and 40% honey. Standard prices are: Oats $2/kg, Honey $5/kg. In the last period, NutriBake used a total of 1,000 kg of materials, consisting of 500 kg of oats and 500 kg of honey. What is the total material mix variance?
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