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 Cost (per liter) Total Cost S 408 1.024 (in liters) 24 64 S17 16 16 125 S2,024 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 14-liter containers for sale. Thus, the standard material cost for a 14-liter container is $283.36 [ ($2,024100 liters) x 14 liters per container]. 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 iters) 20,160 48,400 35040 1018 220 103,600 Total Cost S 329,248 777,320 $2,124,788 A total of 8,400 containers (117,600 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 unfavorablelf there is no effect, do not select either option.) Answer is complete but not entirely correct. Direct Material Input Purchase Price Mix Variance Yield Variance Efficiency Variance Chemical Chem-A Chem-B Chem-C Total Variance 4,570U 290,170F 294,739FS (13,472F 74,29 F 69,990 u 728,269)X F 421,030)x F 269US 1.439.469)XF 653,978 F 491,021x F $ 1,439,738)x F 457,580%", lu 447,028U