Plano Products manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 100 liters of its biggest selling product is as follows: Input Total in Iiters) per iner) 28 Chem-B Chem-c 1,360 232 $2.292 20 125 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 18-liter containers for sale. Thus, the standard material cost for a 18-liter container is $412.56 [3($2.292 +100 liters) liters per container] 18 The actual quantities of direct materials and the cost of the materials placed in production during September were as follows (materials are purchased and used at the same time) Input Quantity (in Total Cost 509.248 23.360 46.400 33.040 102.800 957,320 138220 $2,604,788 A total of 8,800 containers (158,400 liters) were produced during September Required Calculate the total direct material variance for the liquid product for the month of September and then further analyze the total variance into: a. & b. Materials price and efficiency variances, materials mix and yield variances. (Do not round intermediate calculations. Round "Standard mix values" to 3 decimal places. 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.) Chem-C Total