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 760 gallons 0.95 $5.65 $4294.00 Solvent mix Aromatic compounds 40 0.05 8060.00 322400.00 Total 800 gallons $326,694 Yield 720 gallons On May 2, Chypre produced a batch of 1,050 gallons with the following actual results: Actual Mix Direct Material Solvent mix Aromatic compounds 994.35 gallons 55.65 1,050 gallons Total Yield 910 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. per unit of the yield 3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent. $ 4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent