Paix-Trolls SARL produces a petrol additive, Elysium, which increases engine efficiency and reduces petrol consumption. The actual and budgeted quantities (in litres) of materials required to produce Elysium and the budgeted prices of materials in August 2022 are as follows:

Required

1 Calculate the total direct materials efficiency variance for August 2022.
2 Calculate the total direct materials yield and mix variances for August 2022.
3 What conclusions would you draw from the variance analysis?

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Chemical Actual quantity Budgeted quantity Budgeted price Echol 24 080 25 200 0.20 Protex 15 480 16.800 0.45 Benz 36 120 33 600 0.15 CT-40 10 320 8 400 0.30