Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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: 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. Unfavorable

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

Financial Accounting

Authors: LibbyShort

7th Edition

78111021, 978-0078111020

More Books

Students also viewed these Accounting questions

Question

=+beliefs about the brand, product, or service?

Answered: 1 week ago

Question

=+4. Did your message properly reflect the brand's image?

Answered: 1 week ago