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 th following standard cost sheet Direct Material Aromatic compounds Direct Material Solvent mix Aromatic compounds 35 Yield Mix Mix Proportion 0.95 0.05 Yield 658 gatione On May 2, Chypre produced a batch of 900 gallons with the following actual results Actual Mix 950.5 gallons SP $5.7 050.00 900 tons Standard Cost $3790.50 261750.00 $285,540.5 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 V 2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent. 3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent 69,432 X Unfavorable 4 Calculate the direct materials mix variance. If required, round your answer to the nearest cent Unfavorable
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 th following standard cost sheet Direct Material Aromatic compounds Direct Material Solvent mix Aromatic compounds 35 Yield Mix Mix Proportion 0.95 0.05 Yield 658 gatione On May 2, Chypre produced a batch of 900 gallons with the following actual results Actual Mix 950.5 gallons SP $5.7 050.00 900 tons Standard Cost $3790.50 261750.00 $285,540.5 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 V 2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent. 3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent 69,432 X Unfavorable 4 Calculate the direct materials mix variance. If required, round your answer to the nearest cent Unfavorable
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 17E: Chypre, Inc., produces a cologne mist using a solvent mix (water and pure alcohol) and aromatic...
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help me #3 and #4 please
![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 t
following standard cost sheet
Direct Material
Solvent mix
Aromatic compounds
Total
Mix
665 gallons
35
700 gallons
Yield
658 gations
On May 2, Chypre produced a batch of 900 gallons with the following actual results:
Actual Mix
850.5 gallons
49.5
900 gallons
780 gallons
Direct Material
Solvent mix
Aromatic compounds
Total
Yield
Mix Proportion
0.95
0.05
SP
$5.7
B050.00
Standard Cost
$3790.50
281750.00
$285,540.5
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 V
2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent.
433.95 per unit of the yield
3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent.
69,432 X Unfavorable
4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent.
Unfavorable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fddad5d86-091d-4493-90be-ef5753132bfd%2Fd7ebe98e-1472-46f7-8480-ba192290d2dc%2F65fr6wi_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 t
following standard cost sheet
Direct Material
Solvent mix
Aromatic compounds
Total
Mix
665 gallons
35
700 gallons
Yield
658 gations
On May 2, Chypre produced a batch of 900 gallons with the following actual results:
Actual Mix
850.5 gallons
49.5
900 gallons
780 gallons
Direct Material
Solvent mix
Aromatic compounds
Total
Yield
Mix Proportion
0.95
0.05
SP
$5.7
B050.00
Standard Cost
$3790.50
281750.00
$285,540.5
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 V
2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent.
433.95 per unit of the yield
3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent.
69,432 X Unfavorable
4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent.
Unfavorable
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