eBook Direct Materials Mix and Yield Variances Chypre, Inc, produces a mlogne 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 Solvent mix Aromatic compounds Total Yield Mix Mix Proportion SP Standard Cost 760 gallons 0.95 55.27 $ 4,005,20 40 0.0% 8,000.00 320,000.00 800 gallons $324,005 20 720 gallons On May 2, Chypre produced batch of 1,000 gallons with the following actual results Direct Material Solvent mix Actual Mix 945 gallons 55 Aromatic compounds Total 1,000 gallons 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. 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. Caldate the direct materials vield variance. If required, round your answer to the nearest cent. Check My Work All work saved Previous Next Save and Ext Submit Assignment for Grading