Question: 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

Direct Materials Mix and Yield Variances Chypre, Inc., produces a cologne

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: On May 2, Chypre produced a batch of 1,000 gallons with the following actual results: Calculate the yield ratio. If required, Calculate the standard cost per unit of the yield. If required, round your answer to the nearest cent. Calculate the direct materials yield variance. If required, round your answer to the nearest cent. Calculate the direct materials mix variance. If required, round your answer to the nearest cent

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