When there are 2 or more products produced then production mix is used to calculate mix variance.
When 2 or more products are sold then sales mix is used to calculate mix variance.
Nandhu
CA Final
★ 6K+
02-Jun-23 07:40
Take gold and copper
Suppose to make an ornament 5:1 is the normal ratio
But if 10:1 is used then it increases the overall expense to make an ornament.
This expense difference is found out using mix variance
Nandhu
CA Final
★ 6K+
01-Jun-23 22:13
What is production mix and sale mix
And difference between them
Thread Starter
Amit Pandit
CA Final
★ 33K+
01-Jun-23 22:15
Mix refers to a combination of products produced / sold.
