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Please answer all parts correctly and clearly! Labeling each part how you see it! Please double check all work! I have included all the drop
Please answer all parts correctly and clearly! Labeling each part how you see it! Please double check all work! I have included all the drop down box options in the pictures. For part 2, the options for the drop down are favorable, unfavorable, or not applicable. Will thumbs up if ALL parts of problem are done correctly! Thank you!
Direct Materials Variances: Journal Entries Chypre, Inc, produces a cologne mist using a solvent mix (water and pore 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: On May 2, Chypre produced a batch of 1,000 gallons with the following actual results: 2. Compute the direct materials usage variance. In your computations, round the standard quantities to two decimal places. Round your final answer to the nearest cent. 5 Journalize the direct moterials usage variances. In your computations, round the standard quantities to two decimal places. Round your final answers to the nearest cent. If an amount box does not require an entry, leave it blank. Journalize the direct materials price variances. If required, round your answers to the nearest cent. If an amount box does not blank. Solvent mix: Cash Overhead Control Finished Goods Aromatic compounds: Direct Materials Usage Variance Materials Work in Process Combined: 2. Compute the direct materials usage variance. In your computations, round the standard quantities to two decimal places. Rou nearest cent. $ 2. Compute the direct materials usage variance. In your computations, round the standard quantities to tv nearest cent. $ Journalize the direct materials usage variances. In your computations, round the standard quantities to twe nearest cent. If an amount box does not require an entry, leave it blank. 1. Compute the direct materials price variances. If required, round your answers to the nearest cent. Solvent mix: MPV Aromatic compounds: MpV Journalize the direct materials price variances. If required, round vour answers to the nearest cent. If an amount box does not require an entry, leave it blank. 2. Compute the direct materials usage variance. In your computations, round the standard quantities to two decimal places. Round your final answer to the nearest cent Step by Step Solution
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