Material Mix and Yield Variances | Standard Costing

Are you struggling with material mix and yield variances in standard costing? Check out this short video and post your questions in the comments. #mixandyield #standardcosting

[@manireddy7946]

Thank u sir....your way of explanation is simple and easy to understand....love from INDIA

[@aphiwezakwe1183]

This is an old video but it just helped me i understand these variances thank you

[@TabaldiEducation]

I am glad to hear that, Aphiwe!

[@brunomuramuzi9261]

This is very good explanation of Mic and Yield variances

[@TabaldiEducation]

Thanks for the feedback, Bruno!

[@tizeeveii7821]

tabali education can you please share the link to the class where you do the mix and yield variance example

[@TabaldiEducation]

Hi Tizee. You'll find that example in this course: www.tabaldi.org/support-for-bcom-pt/bcom-pt-manacc/manacc-3a-application-of-management-accounting-techniques-unisa-mac3701.html

[@varshayadav4407]

Thank you so much sir

[@slujah67]

please share link to full lecture as well

[@TabaldiEducation]

Hi Slujah, here it is: kzbin.info/www/bejne/eZnShINpfqaWaNE

[@advaangobind6476]

Amazing video! Wish I found your channel earlier.

[@TabaldiEducation]

I hope the exam goes well!

[@advaangobind6476]

@@TabaldiEducation Just a question if you're able to respond, how do you comment on the mix and yield variances? ( Ie how do you know that you used less of a cheaper material over expensive)

[@TabaldiEducation]

@@advaangobind6476 The best way is to try and understand WHY they would change the standard mix. For instance, if the 'recipe' requires a mi of 2:1 of A and B, why would they use any other ratio? If A is cheaper, they might use more of A and less of B... e.g. 2,1 : 0.9. This is only possible if the raw materials are interchangeable (like chemicals in paint). When you comment on it, you have to look at whether they used more or less of the more/less expensive material... and look at what it did to the yield as well. Sometimes, you can use more of the cheap stuff and less of the expensive stuff (positive mix var)... but then end up using more in total (negative yield). I hope that makes sense.

[@crocop1582]

awesome

[@atirakrishnan1981]

👍👍👍👍