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 12 unit(s) of input B.
Input X costs $20 per unit
Input Y costs $7 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 variancefor these inputs?
NOTE: only input a number, without indicating favorability (for simplicity, I've made sure that the relevant variance equation leads to a positive number). Round final answer to cents if necessary.
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