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 tfollowing standard cost sheetDirect MaterialSolvent mixAromatic compoundsTotalMix665 gallons35700 gallonsYield658 gationsOn May 2, Chypre produced a batch of 900 gallons with the following actual results:Actual Mix850.5 gallons49.5900 gallons780 gallonsDirect MaterialSolvent mixAromatic compoundsTotalYieldMix Proportion0.950.05SP$5.7B050.00Standard Cost$3790.50281750.00$285,540.5Required: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 V2. Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent.433.95 per unit of the yield3. Calculate the direct materials yield variance. If required, round your answer to the nearest cent.69,432 X Unfavorable4. Calculate the direct materials mix variance. If required, round your answer to the nearest cent.Unfavorable

Given information Standard cost per unit = $433.95 [ $285540.5 / 658 gallons] Actual yield =…

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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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,…
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