Part 3 - Input mix/vield variances - 15 points FX Inc. produces a product called Slime. A 3 liter package of Slime uses three substitutable inputs - Goop, Gunk, and Glop. The following is the standard cost direct material cost of these three inputs for one package of Slime: Recently, 1,000 packages of slime were produced using the following actual inputs and actual costs of the inputs: 1. Calculate the Direct material price, mix and yield variances. 2. Explain why the mix variance is favorable or unfavorable. Be specific and use your solution in your explanation Part 3 - Input mix/vield variances - 15 points FX Inc. produces a product called Slime. A 3 liter package of Slime uses three substitutable inputs - Goop, Gunk, and Glop. The following is the standard cost direct material cost of these three inputs for one package of Slime: Recently, 1,000 packages of slime were produced using the following actual inputs and actual costs of the inputs: 1. Calculate the Direct material price, mix and yield variances. 2. Explain why the mix variance is favorable or unfavorable. Be specific and use your solution in your explanation