When multiple inputs are used to produce the output,the efficiency variance can be broken down into which of the following?

Question

Quizplus · Accepted Answer

When multiple inputs are used to produce the output, the efficiency variance can be broken down into mix and yield variances. The mix variance shows how efficiently the inputs were combined to produce the output while the yield variance shows the efficiency of the overall production process in terms of turning inputs into output.

When Multiple Inputs Are Used to Produce the Output,the Efficiency