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Question: I need answers to #3 and #4 Direct Materials Mix and Yield Variances Chypre, Inc.,...

Question: I need answers to #3 and #4

Direct Materials Mix and Yield Variances

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 570 gallons 0.95     $5.6 $3192.00
Aromatic compounds 30 0.05 8050.00 241500.00
   Total 600 gallons $244,692
Yield 564 gallons

On May 2, Chypre produced a batch of 800 gallons with the following actual results:

Direct Material Actual Mix
Solvent mix 756.8 gallons
Aromatic compounds 43.2
   Total 800 gallons
Yield 680 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. .94 or 94% correct

2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent.
$433.85 per unit of the yield correct

3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent.
$ Favorable or unfavorable

4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent.
$   

Homework Answers

Answer #1

Answer -

3. Answer -

Direct materials yield variance = (Actual yield - Standard yield) * Standard cost per unit

Direct materials yield variance = (680 - 564) * 407.82

Direct materials yield variance = $47307 Favorable

4. Answer -

Direct materials mix variance = (Actual mix quantity - Standard mix quantity) * Standard cost per unit

Direct materials mix variance = (800 - 600) * 407.82

Direct materials mix variance = $81564 Favorable

Note - Standard cost per unit = Standard cost / Standard quantity

= 244692 / 600

= 407.82

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