Material Yield Variance is a sub-variance of: (A) Material Cost Variance (B) Material Usage Variance (C) Material Price Variance (D) Material Volume Variance

CS Executive · Cost and Management Accounting · PYQS · December 2017
Material Yield Variance is a sub-variance of: (A) Material Cost Variance (B) Material Usage Variance (C) Material Price Variance (D) Material Volume Variance
(A) Material Cost Variance
(B) Material Usage Variance
(C) Material Price Variance
(D) Material Volume Variance

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Standard Costing

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