, 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: Material Mix Mix Proportion Standard Cost t mix 855 gallons SP 0.95 $5.4 tic compounds 45 0.05 8010.00 900 gallons 837 gallons $4617.00 360450.00 $365,067 y 2, Chypre produced a batch of 1,300 gallons with the following actual results: Material t mix tic compounds Actual Mix 1,231.1 gallons 68.9 1,300 gallons 1,170 gallons red: actions for parts 3 and 4: If a variance is zero, enter "0" and select "Not applicable" from the drop down box. culate the yield ratio. If required, round your answer to two decimal places. culate the standard cost per unit of the yield. If required, round your answer to the nearest cent. per unit of the yield culate the direct materials yield variance. If required, round your answer to the nearest cent. culate the direct materials mix variance. If required, round your answer to the nearest cent.
, 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: Material Mix Mix Proportion Standard Cost t mix 855 gallons SP 0.95 $5.4 tic compounds 45 0.05 8010.00 900 gallons 837 gallons $4617.00 360450.00 $365,067 y 2, Chypre produced a batch of 1,300 gallons with the following actual results: Material t mix tic compounds Actual Mix 1,231.1 gallons 68.9 1,300 gallons 1,170 gallons red: actions for parts 3 and 4: If a variance is zero, enter "0" and select "Not applicable" from the drop down box. culate the yield ratio. If required, round your answer to two decimal places. culate the standard cost per unit of the yield. If required, round your answer to the nearest cent. per unit of the yield culate the direct materials yield variance. If required, round your answer to the nearest cent. culate the direct materials mix variance. If required, round your answer to the nearest cent.
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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