Direct material yield variance (myv), Cost Accounting

Direct material yield variance (MYV) :  

It has been described by the ICMA, London, as 'the variation between the standard yield of the actual material input and the actual yield, both valued at the standard material cost of the product'.

MYV = Standard yield rate (Standard yield - Actual yield) (or) Standard Revised rate (Actual loss - Standard loss),

Where standard revised rate = Standard cost of standard mix

                                                   Net standard output

Posted Date: 10/15/2012 7:26:52 AM | Location : United States







Related Discussions:- Direct material yield variance (myv), Assignment Help, Ask Question on Direct material yield variance (myv), Get Answer, Expert's Help, Direct material yield variance (myv) Discussions

Write discussion on Direct material yield variance (myv)
Your posts are moderated
Related Questions
USES O F CVP ANALYSIS 1. .It allows preparation of flexible budgets. 2. It provides help in forecasting accurate profit. 3. It aids in formulating price policy. 4


The following data relate to three joint products:                                                                               A                 B                     C

Choice of Budget Flexing Basis The most suitable flexing basis must be considered where it assists in the comparison of alternative budget data at the planning stage and for

TYPES OF VARIANCES Variances are computed for the entire three basic elements of cost - direct labour, direct material, and overhead variance 1. Direct labour variance 2.

the formula of culculating product cost per unit

tell me about debentures

tHE FIRST SECTION ASSIGEMTN ANSWER FOR HAMPSHIR COMPANY DECISIONS

The Houston Chamber Orchestra presents a series of concerts throughout the year. Budgeted fixed costs total $300,000 for the concert season; variable costs are expected to average

Amazing acrobatics performs acrobatics in stadiums around the world. The average show sells about 1,000 tickets at $60 per ticket. Each show requires a team of 45 highly trained sp