hypre, 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 855 gallons 0.95 $5.55 $4745.25 Aromatic compounds 45 0.05 8080.00 363600.00 Total 900 gallons $368,345.25 Yield 828 gallons On May 2, Chypre produced a batch of 1,150 gallons with the following actual results: Direct Material Actual Mix Solvent mix 1,086.75 gallons Aromatic compounds 63.25 Total 1,150 gallons Yield 1,015 gallons
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 | 855 | gallons | 0.95 | $5.55 | $4745.25 |
| Aromatic compounds | 45 | 0.05 | 8080.00 | 363600.00 | |
| Total | 900 | gallons | $368,345.25 | ||
| Yield | 828 | gallons |
On May 2, Chypre produced a batch of 1,150 gallons with the following actual results:
| Direct Material | Actual Mix | |
| Solvent mix | 1,086.75 | gallons |
| Aromatic compounds | 63.25 | |
| Total | 1,150 | gallons |
| Yield | 1,015 | 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.
fill in the blank 1
2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent.
$fill in the blank 2 per unit of the yield
3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent.
$fill in the blank 3
4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent.
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