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 bottlin

and sale to consumers. Chypre developed the following standard cost sheet:

On May $2,$ Chypre produced a batch of $850$ gallons with the following actual results:

Required:

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

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

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

$$,x$ per unit of the yield

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