accounting for information systems

LAR Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The budgeted quantities of inputs for producing this month's output of liquid cleanser is as follows: Liquid Chemical Quantity Cost (per bottle) (per litre) Input Maxan 3.2 litres $ 2.00 Cralyn 6.8 litres 1.00 Liquid Cleanser budgeted output: 5,000 bottles this month The actual quantities of direct materials and the cost of the materials placed into production to produce 5,000 bottles of output during November were as follows: Liquid Chemical Quantity Total Kin litres) Costs Input Maxan 20,880 $ 42,804 Cralyn 31,320 28,188 Required: 1. Calculate the budgeted and actual mix percentages for each input for November's output of liquid cleanser. 2. Calculate the total: a. Direct materials mix variance b. Direct materials yield variance c. Direct materials efficiency variance 3. Interpret the results of your mix and yield variances