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Dear Sir,
Why is “Std quantity Std mix” x136000(Actual Production) instead of x120000(Budget Production)
I thought actual quantity = actual production?
Thanks in advance!But for all cost variances (not just mix and yield) we are comparing actual with standard for the actual production. We never use the budget production – if we produce more than we will need more material, even if everything went perfectly.
I do suggest that you watch my free lectures on this.
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