Question I Variances

LAR Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for Novembers production of 40,000 litres of Product A and the budgeted costs for that mix, are as follows:

Liquid Chemical	Quantity (in litres)	Cost (per litre)	Total Cost
Maxan Xulon Cralyn	8,000 24,000 18,000	$2.00 $.75 $1.00	$16,000 18,000 18,000

The actual quantities of direct materials and the cost of the materials placed in production during November to product Product A were as follows (all materials purchased were used):

Liquid Chemical	Quantity (in litres)	Total Cost
Maxan Xulon Cralyn	8,480 25,200 18,520 52,200	$17,384 17,640 16,686 $51,710

A total of 40,000 good litres of Product A were produced during November.

REQUIRED:

Calculate the direct materials efficiency, mix, and yield variances for each raw material.