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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787 Exercise 5
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) which 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:
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.)
Chypre, Inc., produces a cologne mist using a solvent mix (water and pure alcohol) and aromatic compounds (the scent base) which 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:
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.)
Explanation
Verified
Verified
1.
Yield ratio =
Yield ratio = 0.8...
Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
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