Direct Materials Mix and Yield Variances BJECTIVE 5 Exercise 9.17 Chypre, Inc., produces a cologne mist using a solvent mix (water and pure alcohol) and aro- matic compounds (the scent base) that it sells to other companies for bottling and sale to con- sumers. Chypre developed the following standard cost sheet: Mix Proportion SP Standard Cost Mix Direct Material 5.27 S 4,005.20 320,000.00 $324,005.20 0.95 760 gallons Solvent mix 8,000.00 0.05 Aromatic compounds 40 800 gallons 720 gallons Total Yield On May 2, Chypre produced a batch of 1,000 gallons with the following actual results: Actual Mix Direct Material 945 gallons Solvent mix Aromatic compounds 55 1,000 gallons 880 gallons Total Yield Required: 1. Calculate the yield ratio. 2. Calculate the standard cost per unit of the yield. (Round to the nearest cent. 3. Calculate the direct materials yield variance. (Round to the nearest cent.) 4. Calculate the direct materials mix variance. (Round to the nearest cent.)