Direct Materials Mix and Yield Variances

Chypre, Inc., produces a cologne mist using a solvent mix $($water and pure alcohol$)$ and aromatic compounds $($the scent base$)$ that it sells to other companies for bottling and sale to consumers. Chypre developed the following standard cost sheet:

Direct Material $|$ Mix $|$ Mix Proportion $|$ SP $|$ Standard Cost

Solvent mix $570$gallons $|0\mathrm{.}95|$ $$5\mathrm{.}75|$ $$3277\mathrm{.}50$

Aromatic compounds $30|0\mathrm{.}05|8020\mathrm{.}00|240600\mathrm{.}00$

Total $600$gallons $|$$$243,877\mathrm{.}5$

Yield $540$ gallons

On May $2,$ Chypre produced a batch of $800$ gallons with the following actual results:

Direct Material Actual Mix

Solvent mix $756$ gallons

Aromatic compounds $44$

Total $800$ gallons

Yield $660$ gallons

Required:

Instructions for parts $3$ and $4$: If a variance is zero, enter $"0"$ and select "Not applicable" from the drop down box.

$1.$ Calculate the yield ratio. If required, round your answer to two decimal places.

$2.$ Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent.

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per unit of the yield

$3.$ Calculate the direct materials yield variance. If required, round your answer to the nearest cent.

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$4.$ Calculate the direct materials mix variance. If required, round your answer to the nearest cent.

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