A mix variance for direct materials can be derived as the difference between the quantity variance and the yield variance.

Question

Quizplus · Accepted Answer

The mix variance is the difference between the quantity variance and the yield variance. The quantity variance is the difference between the actual quantity of materials used and the standard quantity of materials that should have been used. The yield variance is the difference between the actual yield of finished goods and the standard yield of finished goods that should have been produced.

A Mix Variance for Direct Materials Can Be Derived as the Difference