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Material Mix is calculated as the difference between the actual total material kgs used in the standard mix and the actual total material kgs used in the actual mix valued at standard cost.
Material Yield is calculated as the difference between the actual total material output produced in the standard mix and the actual total material output used in the actual mix valued at standard cost.
Sales Mix is calculated as the difference between the actual total sales units sold in the standard mix and the actual total material sold in the actual mix valued at standard profit.
Sales Quantity is calculated as the difference between the actual total sales units produced in the standard mix and the actual total sales units produced in the actual mix valued at standard profit.
I assume that you are asking me to comment on what you have written?
It is correct except for the material yield variance. It is comparing the actual output with the standard output, both using the standard mix.
Do watch my free lectures on this.
Material Yield is calculated as the difference between the total actual output produced in standard mix with the total standard output produced in standard mix valued at standard cost.
Is it correct now?
Thanks for your support 🙂
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