Specifically needing help with Requirement #2: Calculate the total direct materials efficiency variance.

Tip's Snacks produces snack mixes for the gourmet and natural foods market. E (Click the icon to view the budgeted quantities and budgeted prices of direct materials.) IH In the curre (Clickt Read the re $ $ 42 cups 10 cups $ Requirement 1. What is the budgeted cost of direct materials for the 150 batches? Begin by calculating the total budgeted number of cups and the budgeted cost of direct materials for one batch. Quantity for Total Cost for One Batch Price of Input One Batch Peanuts 48 cups 1 per cup 48 Dried Cranberries 2 per cup 84 Chocolate pieces 3 per cup 30 Total 100 Now select the formula and enter the amounts to calculate the budgeted cost of direct materials for 150 batches. Budgeted cost per batch Number of batches Budgeted cost of 150 batches 162 150 24300 Requirement 2. Calculate the total direct materials efficiency variance. Select the formula and enter the amounts to calculate the total direct materials efficiency variance. Identify each variance as either factorable (F) or unfavorable (U). Quantity, Var. = Variance.) cups 162 11 Effic. var Peanuts 11 Cran X = Chocolate Total Data table Small changes to the standard mix of direct material quantities do not significantly affect the overall end product. In addition, not all ingredients added to production end up in the finished product, as some are rejected during inspection Actual Quantity Actual Cost Actual Mix Peanuts 7,840 cups $ 6,899 49% Dried Cranberries 5,760 cups 12,787 36% 1,920 cups 5,606 Chocolate pieces 12% 16,000 cups $ 25,292 100% Total actual