Direct Materials Mix and Yield Variances Chypre, Inc., produces a cologne mist using a solvent mix...

Transcribed Image Text:

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 Solvent mix Mix 665 gallons Mix Proportion SP Standard Cost 0.95 $5.35 $3557.75 Aromatic compounds Total 35 0.05 8030.00 700 gallons 281050.00 $284,607.75 Yield 630 gallons On May 2, Chypre produced a batch of 1,100 gallons with the following actual results: Direct Material Solvent mix Aromatic compounds Total Actual Mix 1,041.7 gallons 58.3 1,100 gallons Yield Required: 980 gallons 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. 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 Solvent mix Mix 665 gallons Mix Proportion SP Standard Cost 0.95 $5.35 $3557.75 Aromatic compounds Total 35 0.05 8030.00 700 gallons 281050.00 $284,607.75 Yield 630 gallons On May 2, Chypre produced a batch of 1,100 gallons with the following actual results: Direct Material Solvent mix Aromatic compounds Total Actual Mix 1,041.7 gallons 58.3 1,100 gallons Yield Required: 980 gallons 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.