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This video from Commerce Specialist explains How to calculate Material Usage Variance, Material Mix Variance and Material Yield Variance. Explanation is also given as to What is Material Usage Variance and Why Material Usage Variance is calculated, What is Material Mix Variance and why Material Mix Variance is Calculated and What is Material Yield Variance and Why Material Yield variance is calculated.
This video is relevant for students of CMA part 1, CIMA, CPA, CA, ACCA, CIMA and students of other professional qualifications.
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