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The following cost information relates to product XY, which is produced in a continuous process from
several different materials.Actual yield at standard materials cost 20,800
Standard yield from actual input of materials at standard cost 19,552What is the materials yield variance for the period?
Answer given = 20800-19552 = 1248 F
i didn’t get this meaning of “Actual yield at standard material cost”. can u explain
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