Standard costing and variance analysis II
3 important questions on Standard costing and variance analysis II
Was the raw material used in the standarad proportions?
Mix variance
Do the raw materials deliver the standard output?
Yield variance
Increase efficiency of bottleneck operations:
- Working overtime
- subcontracting
- investing in additional capacity
- implementing business process improvements
The question on the page originate from the summary of the following study material:
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