Direct Materials Usage Variance, Direct Materials Mix and Yield Variances
VetPro, Inc., produces a veterinary grade antianxiety mixture for pets with behavioral problems. Two chemical solutions, Aranol and Lendyl, are mixed and heated to produce a chemical that is sold to companies that produce the antianxiety pills. The mixture is produced in batches and has the following standards:
Direct Material Standard Mix Standard Unit Price Standard Cost
Aranol gallons $ per gallon $
Lendyl
Total gallons $
Yield gallons
During March, the following actual production information was provided:
Direct Material Actual Mix
Aranol gallons
Lendyl
Total gallons
Yield gallons
Required:
Compute the direct materials mix and yield variances. In your computations, round the standard cost of the yield to decimal places. Use rounded number in the subsequent computations.
Mix variance $fill in the blank
Favorable
Yield variance $fill in the blank
Favorable
Compute the total direct materials usage variance for Aranol and Lendyl.
$fill in the blank