Mack Fuels produces a gasoline additive. The standard costs and input for a 500-liter batch of the additive are presented below.ChemicalStandardInput Quantityin LitersStandardCostper LiterTotal CostEchol200$ .200$ 40.00Protex100.42542.50Benz250.15037.50CT-4050.30015.00Totals600$ 135.00The quantities purchased and used during the current period are shown below. A total of 140 batches were made during the current period.ChemicalQuantityPurchased(Liters)TotalPurchasePriceQuantityUsed(Liters)Echol25,000$ 5,36526,600Protex13,0006,24012,880Benz40,0005,84037,800CT-407,5002,2207,140Totals85,500$ 19,66584,420Calculate:a) Price Varianceb) Quantity Variancec) Mix Varianced) Yield Variance

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