The direct materials yield variance is the difference between: 1)the budgeted cost for the actual mix of the total quantity of direct materials used, and 2)the budgeted cost of the budgeted mix of the actual total quantity of direct materials used.

Question

Quizplus · Accepted Answer

The definition provided for direct materials yield variance is incorrect. The correct definition is: the difference between the standard quantity of direct materials allowed for the actual output and the actual quantity of direct materials used, multiplied by the standard cost per unit of direct materials.

The Direct Materials Yield Variance Is the Difference Between: 1)the