Problem 17.51 (Algo) Materials Mix and Yield Variances (LO 17.5) Piano Products manufactures a wide variety of chemical compounds and liquids for industhat uses. The itandard mix for producing a single batch of 100 hers of its biggect seling product is as foliows. There is s standord 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into.24taer containers for sale. Thus, the standord matenal cost for a 24 hiliser container is $81264(=($3,386900 liters) - 24 mters per container) The actual quantwes of direct materiais and the cost of the materials piaced in production duning September were as foliows imateriahs ate purchesed and used at the same timel. A total of 9,400 containers (225,600-gers) were produced during Septenbet Required: Calculate the total direct material variance for the liquid product for the month of September and then further analyze the tolal variance into. a, \& b. Materials price and efficiency vaciances and materials mix and yieid variances. (Do not round intermediate calculations. Round "Standard mix values" to 3 decimal places, Indieate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole number) Problem 17.51 (Algo) Materials Mix and Yield Variances (LO 17.5) Piano Products manufactures a wide variety of chemical compounds and liquids for industhat uses. The itandard mix for producing a single batch of 100 hers of its biggect seling product is as foliows. There is s standord 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into.24taer containers for sale. Thus, the standord matenal cost for a 24 hiliser container is $81264(=($3,386900 liters) - 24 mters per container) The actual quantwes of direct materiais and the cost of the materials piaced in production duning September were as foliows imateriahs ate purchesed and used at the same timel. A total of 9,400 containers (225,600-gers) were produced during Septenbet Required: Calculate the total direct material variance for the liquid product for the month of September and then further analyze the tolal variance into. a, \& b. Materials price and efficiency vaciances and materials mix and yieid variances. (Do not round intermediate calculations. Round "Standard mix values" to 3 decimal places, Indieate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole number)