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Direct Materials Mix and Yield Variances PLEASE HELP ME ONLY WITH PART 4 PLEASE SHOW STEPS, THANKS Chypre, Inc., produces a cologne mist using a

Direct Materials Mix and Yield Variances PLEASE HELP ME ONLY WITH PART 4 PLEASE SHOW STEPS, THANKS

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 $5.25 $3990.00
Aromatic compounds 40 0.05 8090.00 323600.00
Total 800 gallons $327,590
Yield 728 gallons

On May 2, Chypre produced a batch of 1,150 gallons with the following actual results:

Direct Material Actual Mix
Solvent mix 1,086.75 gallons
Aromatic compounds 63.25
Total 1,150 gallons
Yield 1,025 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

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