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Material mix variance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Material mix variance

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • July 14, 2020 at 2:29 pm #576788
    Holmes1308
    Member
    • Topics: 34
    • Replies: 16
    • ☆☆

    Dear sir,

    I have a seemingly major doubt in this topic area(Material mix variance). My understanding is that material mix variance is calculated between interchangeable materials which can be used in different proportions. But then the question that arises is that if the materials are interchangeable then why do the prices of the two so called “interchangeable” materials are different, as in why talk about striking a right balance between the quantities of two materials(preferring cheaper material over more expensive one) when they are essentially similar?

    and if the differentiating factor is the varying quality, then they are not “interchangeable” apparently.

    seems to me like a paradox. Could you shed some light on this sir?

    July 14, 2020 at 3:40 pm #576793
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    The correct word is substitutable.

    The example I use to explain this in my free lectures should make it clear.

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