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I need help finding the answer for question 4 ONLY! Thank you Direct Materials Mix and Yield Variances Chypre, Inc., produces a cologne mist using
I need help finding the answer for question 4 ONLY!
Thank you
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: Mix 760 gallons Direct Material Solvent mix Aromatic compounds Total Yield Mix Proportion 0.95 0.05 SP $5.75 8010.00 Standard Cost $4370.00 320400.00 $324,770 800 gallons 736 gallons On May 2, Chypre produced a batch of 1,050 gallons with the following actual results: Direct Material Actual Mix Solvent mix Aromatic compounds 992.25 gallons 57.75 1,050 gallons 925 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. 0.92 2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent. $ 441.26 per unit of the yield 3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent. 966 X Unfavorable 4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent. UnfavorableStep by Step Solution
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