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 760 gallons 0.95 $ 5.27 $ 4,005.20 Aromatic compounds 40 0.05 8,000.00 320,000.00 Total 800 gallons $324,005.20 Yield 720 gallons On May 2, Chypre produced a batch of 1,000 gallons with the following actual results: Direct Material Actual Mix Solvent mix 945 gallons Aromatic compounds 55 Total 1,000 gallons Yield 880 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. 0.9 2 Calculate the standard rast ner unit of the vald If required round unswer to the nearest cent Check My Work Previous Next > 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. 0.9 2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent. 450.01 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 Feedback Check My Work 1. Yield ratio Total output + Total Input 2. Spy = Standard cost of the yield (equal to total cost of a standard batch divided by the amount of the yield) 3. Yield variance = (Standard yield - Actual yield) x Spy 4. Mix variance = sum of the differences between the actual amount of each input and its standard mix amount, multiplied by the standard price