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How do you do question 3 and 4? Thanks. Direct Materials Mix and Yield Variances Chypre, Inc., produces a cologne mist using a solvent mix
How do you do question 3 and 4? Thanks.
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 Solvent mix Aromatic compounds Mix Mix Proportion 0.95 0.05 Standard Cost $4028.00 321600.00 $325,628 SP 760 gallons $5.3 8040.00 40 800 gallons 752 gallons Total Yield On May 2, Chypre produced a batch of 1,150 gallons with the following actual results: Direct Material Solvent mix Aromatic compounds Actual Mix 1,086.75 gallons 63.25 1,150 gallons 1,025 gallons Total Yield Required: Instructions for parts 3 and 4: If a variance is zero, enter "O" and select "Not applicable" from the drop down box. 1. Calculate the yield ratio. If required, round your answer to two decimal places. 0.94Step by Step Solution
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