Formula for material mix variance

Q.  The sub-variance of material usage variance, known as Material mix variance is measured as
- Published on 08 Sep 15

a. Total standard cost - Total actual cost
b. Standard cost of revised standard mix - Standard cost of actual mix
c. (Standard unit price - Actual unit price) * Actual quantity used
d. (Standard quantity - Actual quantity) * Unit standard price

ANSWER: Standard cost of revised standard mix - Standard cost of actual mix

Related Content

 

    Discussion

  • DEEPIKA   -Posted on 18 Mar 17
    WHAT IS THE FORMULA OF METERIAL MIX VARRIENCE

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲