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 19,552
What 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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7y ago#1The actual yield is the actual output. Here it has been costed at the standard cost.
Have you watched my free lectures on this? The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.
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