Question: Refer to Exercise 9 17 Chypre Inc purchased the amount used

Refer to Exercise 9.17. Chypre, Inc., purchased the amount used of each direct material input on May 2 for the following actual prices: solvent mix for $5.20 per gallon, and aromatic compound for $8,010 per gallon.
Required:
1. Compute and journalize the direct materials price variances.
2. Compute and journalize the direct materials usage variances.
3. Offer some possible reasons for why the variances occurred.

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  • CreatedSeptember 01, 2015
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