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Standard costing

Can anyone please explain me the exact difference between material mix variance and material yield variance I could not understand difference between the both!!


Sai Teja

Sai Teja

CA Foundation

12K+

20-Mar-21 18:26

47

Answers (2)

The material mix variance measures the impact of the deviation from the standard mix on material costs, while the material yield variance reflects the impact on material costs of the deviation from the standard input material allowed for actual production.


Parmar Mahavir

Parmar Mahavir

CA Inter

135

21-Mar-21 12:35

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