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Please help question No. 3 thanks! Direct Materials Mix and Yield Variances Chypre, Inc., produces a cologne mist using a solvent mix (water and pure
Please help question No. 3 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 Mix Mix Proportion SP Standard Cost Solvent mix 665 gallons $5.4 0.95 0.05 Aromatic compounds 35 8090.00 $3591.00 283150.00 $286,741 Total 700 gallons Yield 658 gallons On May 2, Chypre produced a batch of 900 gallons with the following actual results: Direct Material Actual Mix Solvent mix 850.5 gallons Aromatic compounds 49.5 Total 900 gallons Yield 775 gallons Required: Instructions for parts 3 and 4: If a variance is zero, enter "0" 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 2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent. $ 435.78 per unit of the yield 3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent. 34,862.4 X Unfavorable 4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent. $ 36,380.7 UnfavorableStep by Step Solution
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