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Direct Materials Usage Variance, Direct Materials Mix and Yield Variances Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical
Direct Materials Usage Variance, Direct Materials Mix and Yield Variances Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutions, Aranol and Lendyl, are mixed and heated to produce a chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the following standards Direct Material Standard Unit Price Standard Cost Standard Mix Aranol 4,200 gallons $3.00 per gallon $ 12,600 Lendy! 15,800 5.00 79,000 Total 20,000 gallons 91,600 Yield 16,000 gallons During March, the following actual production information was provided: Direct Material Actual Mix Aranol 74,000 gallons Lervdyl 126,000 Total 200,000 gallons Yield 168,000 gallons be the Required: 1. Compute the direct materials mix and yield vores in your computations, round the standard cost of the yield to deal places. Use rounded Previous Required: 1. Compute the direct materials mix and yield variances. In your computations, round the standard cost of the yield to 3 decimal places. Use rounded number in the subsequent computations Mix variance Yield variance 2. Compute the total direct materials usage variance for Aranol and Lendyl
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