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Material yield variance is measured using formula

A. (Actual yield + Standard yield) * Standard cost per unit

B. Standard cost of revised standard mix - Standard cost of actual mix

C. (Standard unit price - Actual unit price) * Actual quantity used

D. (Actual yield - Standard yield) * Standard cost per unit

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above