Explain what production mix and production yield variances measure. How do these variances relate to efficiency variances?
What will be an ideal response?
The production mix and yield variances break an efficiency variance down into the impact of a change in material or labor mix and yield. The mix variance arises from changes in the relative proportions of inputs. The yield variance is the difference between expected output from a given level of inputs (holding the mix constant) and the actual outputs obtained.
You might also like to view...
Boeing developed the wide-bodied aircraft, the 777, with about ________ of the work subcontracted out to Mitsubishi, Fuji, and Kawasaki
A) 50% B) 25% C) 20% D) 60% E) 75%
Many sellers offer either general or specific guarantees. Guarantees reduce the buyer's ________ risk
A) actual B) perceived C) real D) implied E) stated
If system development is conducted properly, most system maintenance costs can be eliminated
Indicate whether the statement is true or false
A Customer balance summary report shows
A) a detail of the balances of the individual customer accounts. B) a summary of the balances of the individual customer accounts. C) a summary of all of the period's transactions posted to the controlling account D) a summary of only those accounts that had a change in their balances during the month.