The following information is provided about three materials utilized in the production of a product: During May, the following actual production information was provided:
Yield 15,000 units
What is the Material yield variance.
A) $3,167(
B) $3,167(
C) $6,333(
D) $6,333(

Question

The following information is provided about three materials utilized in the production of a product:  During May, the following actual production information was provided:
 Yield 15,000 units
What is the Material yield variance.
A) $3,167(
B) $3,167(
C) $6,333(
D) $6,333(

Quizplus · Accepted Answer

We cannot calculate the material yield variance without knowing the budgeted or standard yield for the given quantity of material input. Therefore, we cannot choose option A or C. Option D is also incorrect as it suggests that the actual yield was higher than the budgeted or standard yield, which is not necessarily true. Option B is the best choice as it simply indicates that the actual yield was $3,167 more than the budgeted or standard yield.

The Following Information Is Provided About Three Materials Utilized in the Production