the direct materials mix variance is the difference in the standard cost of actual inputs and the standard costs of inputs that should have been used.

Question

Quizplus · Accepted Answer

This statement accurately describes the direct materials mix variance. It compares the actual quantities and costs of each type of material used in production to the expected quantities and costs based on the standard mix of materials established for the product. The difference between the actual and expected costs is known as the mix variance.

The Direct Materials Mix Variance Is the Difference in the Standard