Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

image text in transcribed

image text in transcribed

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. 0.94

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Explain the importance of nonverbal messages.

Answered: 1 week ago

Question

Describe the advantages of effective listening.

Answered: 1 week ago

Question

Prepare an employment application.

Answered: 1 week ago