Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. can you guide me through on how to calculate the d

Can you guide me through on how to calculate the direct materials mix variance? ...

80.2K

Verified Solution

Question

Accounting

imageimage

Can you guide me through on how to calculate the direct materials mix variance?

Thank you

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 Solvent mix Aromatic compounds Mix Proportion 0.95 0.05 Standard Cost $4830.75 362250.00 367,080.75 Mix SP 855 gallons $5.65 45 900 gallons 837 gallons 8050.00 Total Yield On May 2, Chypre produced a batch of 1,200 gallons with the following actual results: Direct Material Solvent mix Aromatic compounds Actual Mix 1,134 gallons Total Yield Required Instructions for parts 3 and 4: If a variance is zero, enter "O" and select "Not applicable" from the drop down box. 1,200 gallons 1,075 gallons

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

The table shows the number of goals made by two hockey players Player A Player...

Basic Math
1.2K views

Q1) Velocity and acceleration: a ball is thrown verticality up word from the ground level with...

Electrical Engineering
1.2K views

A three phase transformer of 400kVA, 10kV/400V, Dy11 is connected to its nominal load with cosφ...

Biology
1.2K views

What force s stabilize s lipid bilayers Select all that apply Oa covalent bonds between...

Biology
1.2K views

Draw the condensed structure of 1 5 pentanediol CH OH CH CH CH CH OH

Physics
1.2K views

M CAPS 02 Physics Two charges exert a force of 10 N on each other...

Basic Math
1.2K views

On a map of a hiking trail, Jennifer starts the trail at (0,0), then the...

Basic Math
1.2K views

A manufacturer wishes to make tee-shirts for the band Dixie Chicks. They sell for $15...

Accounting
1.2K views

On January 1,2021, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for...

Accounting
1.2K views

Are pro forma financial statements recognized as factual projections of future activity and are they...

Accounting
1.2K views

You have just been hired as a financlal analyst for Lydex Company, manufacturer of safety...

Finance
1.2K views

The national asset allocation is X1 = 30%, X2 = 20%, X3 = 40%, X4...