Direct Materials Mix and Yield Variances Chypre, Inc., produces a cologne mist using 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 760 gallons 0.95 $5.25 $3990.00 Aromatic compounds 40 8050.00 322000.00 Total 800 gallons $325,990 Yield 728 gallons 0.05 On May 2, Chypre produced a batch of 1,150 gallons with the following actual results: Direct Material Actual Mix Solvent mix Aromatic compounds Total 1,089.05 gallons 60.95 1,150 gallons Yield 1,015 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