Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Direct Materials Mix and Yield Variances Chypre, Inc., produces a cologne mist using a solvent mix (water and pure alcohol) and aromatic base) that it

image text in transcribed
Direct Materials Mix and Yield Variances Chypre, Inc., produces a cologne mist using a solvent mix (water and pure alcohol) and aromatic base) that it sells to other companies for bottling and sale to consumers. Chypre developed the following sta compounds (the ndard cost sheet: Direct Material Solvent mix Aromatic compounds Mix Mix Proportion 0.95 0.05 SP 760 gallons 40 800 gallons 720 gallons Standard Cost $4370.00 321200.00 $325,570 $5.75 8030.00 Total Yield On May 2, Chypre produced a batch of 1,000 gallons with the following actual results: Direct Material Solvent mix Aromatic compounds Actual Mix 946 gallons 54 Total Yield 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. 1,000 gallons 880 gallons 0.90 2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent. 452.18 per unit of the yield 3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent. 9,043.6 Unfavorable v 4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent. 113,489.50 x unfavorable Feedback Y Check My Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information For Decisions

Authors: Robert W. Ingram, Bruce Baldwin

4th Edition

0324069545, 978-0324069549

More Books

Students also viewed these Accounting questions

Question

Describe effectiveness of reading at night?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago

Question

Identify the critical elements in a performance management system

Answered: 1 week ago

Question

Identify the skills necessary for effective coaching

Answered: 1 week ago