15 McKinney Solvents produces a wide variety products for the manufacturing industry. The standard mix for producing a single batch of 100 gallons of its biggest selling product is as follows: Input Chemical X-1 X-2 X-3 Quantity (in gallons) 22.5 40 Cost (per gallon) $ 62 37 28 Total Cost $ 1,395 62.5 125 1,480 1,750 $ 4,625 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 10-gallon containers for sale. Thus, the standard material cost for a 10-gallon container is $462.50 [= ($4,625 100 gallons) x 10 gallons per container]. The actual quantities of direct materials and the cost of the materials placed in production during March were as follows (materials are purchased and used at the same time): Input Chemical X-1 X-2 X-3 Quantity (in gallons) Total Cost 12,500 19,700 30,200 $ 717,800 764,700 898,000 62,400 $ 2,380,500 A total of 5,060 containers (50,600 gallons) were produced during March. Required: Calculate the total direct material variance for the liquid product for the month of March and then further analyze the total variance into: a. and b. Materials price and efficiency variances and materials mix and yield variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Direct Material Input Chemical Mix Variance Yield Variance Efficiency Variance Purchase Price Variance X-1 X-2 X-3 Total