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Vet - Pro, Inc., produces a veterinary grade anti - anxiety mixture for pets with behavioral problems. Two chemical solutions, Aranol and Lendyl, are mixed

Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutions, Aranol and Lendyl, are mixed and heated to produce a chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the following standards:
Direct Material Standard Mix Standard Unit Price Standard Cost
Aranol 4,400 gallons $3.00 per gallon $13,200
Lendyl 15,6005.0078,000
Total 20,000 gallons $91,200
Yield 16,000 gallons
During March, the following actual production information was provided:
Direct Material Actual Mix
Aranol 74,000 gallons
Lendyl 126,000
Total 200,000 gallons
Yield 168,000 gallons
Required:
1. Compute the direct materials mix and yield variances. In your computations, round the standard cost of the yield to 3 decimal places. Use rounded number in the subsequent computations.
Mix variance $fill in the blank 1
Favorable
Yield variance $fill in the blank 3
2. Compute the total direct materials usage variance for Aranol and Lendyl.
$fill in the blank 5

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