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 Chemical Chem- Chen- Chem-C Quantity in liters 22 62 41 125 Cost er liten $13 14 20 Total Cost $286 860 20 $1,974 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 12-liter containers for sale. Thus, the standard material cost for a 12-liter container is $236.88 [+ ($1,974 - 100 liters) * 12 liters per container) The actual quantities of direct materials and the cost of the matertais placed in production during September were as follows (materials are purchased and used at the same time) Input Chemical Chem-A Chen- Chem-C Quantity (in liters) 18,560 49,400 36,840 184, eee Total cost $ 239,248 687,320 958,220 $1,884,78 A total of 8.200 containers (98,400 liters) were produced during September Required: Calculate the total direct material vartance for the liquid product for the month of September and then further analyze the total variance into a. & b. Materials price and efficiency variances and 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 elther option. Enter your answers rounded to the nearest whole number) Direct Material Yield Varange Efficiency Variance Mix Varian Purchase Price Variance Input Chemical Chem-A Chem. Chem.c Total