Direct Materials Usage Variance, Direct Materials Mix and Yield Variances 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 3,400 gallons $5.00 per gallon $ 17,000 Lendyl 16,600   7.00     116,200      Total 20,000 gallons     $ 133,200 Yield 16,000 gallons         During March, the following actual production information was provided: Direct Material Actual Mix Aranol 72,000 gallons Lendyl 128,000        Total 200,000 gallons Yield 164,000 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    Yield variance $fill in the blank    2. Compute the total direct materials usage variance for Aranol and Lendyl. $fill in the blank

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Direct Materials Usage Variance, Direct Materials Mix and Yield Variances

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 3,400 gallons $5.00 per gallon $ 17,000
Lendyl 16,600   7.00     116,200
     Total 20,000 gallons     $ 133,200
Yield 16,000 gallons        

During March, the following actual production information was provided:

Direct Material Actual Mix
Aranol 72,000 gallons
Lendyl 128,000  
     Total 200,000 gallons
Yield 164,000 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   
Yield variance $fill in the blank   

2. Compute the total direct materials usage variance for Aranol and Lendyl.
$fill in the blank 

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