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
Жүктеу.....
Пікірлер: 16
@manireddy79463 жыл бұрын
Thank u sir....your way of explanation is simple and easy to understand....love from INDIA
@aphiwezakwe11833 жыл бұрын
This is an old video but it just helped me i understand these variances thank you
@TabaldiEducation
3 жыл бұрын
I am glad to hear that, Aphiwe!
@brunomuramuzi9261 Жыл бұрын
This is very good explanation of Mic and Yield variances
@TabaldiEducation
Жыл бұрын
Thanks for the feedback, Bruno!
@varshayadav44072 жыл бұрын
Thank you so much sir
@tizeeveii78212 жыл бұрын
tabali education can you please share the link to the class where you do the mix and yield variance example
@TabaldiEducation
2 жыл бұрын
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
@slujah672 жыл бұрын
please share link to full lecture as well
@TabaldiEducation
2 жыл бұрын
Hi Slujah, here it is: kzread.info/dash/bejne/dZyjtbJseaTJYtI.html
@advaangobind64762 жыл бұрын
Amazing video! Wish I found your channel earlier.
@TabaldiEducation
2 жыл бұрын
I hope the exam goes well!
@advaangobind6476
2 жыл бұрын
@@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
2 жыл бұрын
@@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.
Пікірлер: 16
Thank u sir....your way of explanation is simple and easy to understand....love from INDIA
This is an old video but it just helped me i understand these variances thank you
@TabaldiEducation
3 жыл бұрын
I am glad to hear that, Aphiwe!
This is very good explanation of Mic and Yield variances
@TabaldiEducation
Жыл бұрын
Thanks for the feedback, Bruno!
Thank you so much sir
tabali education can you please share the link to the class where you do the mix and yield variance example
@TabaldiEducation
2 жыл бұрын
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
please share link to full lecture as well
@TabaldiEducation
2 жыл бұрын
Hi Slujah, here it is: kzread.info/dash/bejne/dZyjtbJseaTJYtI.html
Amazing video! Wish I found your channel earlier.
@TabaldiEducation
2 жыл бұрын
I hope the exam goes well!
@advaangobind6476
2 жыл бұрын
@@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
2 жыл бұрын
@@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.
awesome
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