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 Solvent mix 665 gallons 0.95 $5.45 $3624,25 Aromatic compounds 35 0.05 8050.00 281750.00 Total 700 gallons $285,374.25 Yield 658 gallons On May 2, Chypre produced a batch of 1,100 gallons with the following actual results: Direct Material Actual MIX Solvent mix 1,041.7 gallons Aromatic compounds 58.3 Total 1,100 gallons Yield 965 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. $ Unfavorable 4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent. Unfavorable 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 Solvent mix 665 gallons 0.95 $5.45 $3624.25 Aromatic compounds 35 0.05 8050.00 281750.00 Total $285,374.25 700 gallons 658 gallons Yield On May 2, Chypre produced a batch of 1,100 gallons with the following actual results: Direct Material Solvent mix Actual Mix 1,041.7 gallons 58.3 Aromatic compounds Total 1,100 gallons 965 gallons 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. 0.94 V 2. Calculate the standard cost per unit of the yield. If required, Found your answer to the nearest cent. 433.70 per unit of the yield 3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent. 29,925.3 Unfavorable $ 4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent. 0 X Unfavorable
