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Material Yield Variance Formula

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Material Yield Variance is a measure used in cost accounting to assess the difference between the actual quantity of finished products produced and the expected quantity based on the materials used. Check FAQs

MYV = (AU - STU) \cdot STC

MYV - Material Yield Variance?AU - Actual Unit Usage?STU - Standard Unit Usage?STC - Standard Cost per Unit?

Material Yield Variance Example

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With units

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Here is how the Material Yield Variance equation looks like with Values.

Here is how the Material Yield Variance equation looks like with Units.

Here is how the Material Yield Variance equation looks like.

335000 = (2500 - 2000) \cdot 670

335000 = (2500 - 2000) \cdot 670

335000 = (2500 - 2000) \cdot 670

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Material Yield Variance Solution

Follow our step by step solution on how to calculate Material Yield Variance?

FIRST Step Consider the formula

MYV = (AU - STU) \cdot STC

Next Step Substitute values of Variables

∴

MYV = (2500 - 2000) \cdot 670

Next Step Prepare to Evaluate

∴

MYV = (2500 - 2000) \cdot 670

LAST Step Evaluate

∴

MYV = 335000

Material Yield Variance Formula Elements

Variables

Material Yield Variance

Material Yield Variance is a measure used in cost accounting to assess the difference between the actual quantity of finished products produced and the expected quantity based on the materials used.

Symbol: MYV

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Material Yield Variance

Actual Unit Usage

Actual Unit Usage refers to the real amount of a resource or service consumed or utilized within a given period.

Symbol: AU

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Actual Unit Usage

Standard Unit Usage

Standard Unit Usage refers to the expected amount of a service consumed or utilized within a given period, based on predefined standards or benchmarks.

Symbol: STU

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Standard Unit Usage

Standard Cost per Unit

Standard Cost per Unit refers to the predetermined cost assigned to produce or acquire a single unit of a product or service, based on established standards.

Symbol: STC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Standard Cost per Unit

Other formulas in Cost Accounting category

Go Material Cost Variance

MCV = (SQAO \cdot STP) - (ACQ \cdot ACP)

Go Material Price Variance

MPRV = ACQ \cdot (STP - ACP)

Go Material Quantity

MQ = STP \cdot (SQ - ACQ)

Go Revised Standard Quantity

RSTQ = (\frac{SQM}{TSQ}) \cdot TAQ

How to Evaluate Material Yield Variance?

Material Yield Variance evaluator uses Material Yield Variance = (Actual Unit Usage-Standard Unit Usage)*Standard Cost per Unit to evaluate the Material Yield Variance, Material Yield Variance is the difference between the standard cost of the actual input materials in the standard mix, compared to the standard cost of the standard quantity of input materials in the standard mix. Material Yield Variance is denoted by MYV symbol.

How to evaluate Material Yield Variance using this online evaluator? To use this online evaluator for Material Yield Variance, enter Actual Unit Usage (AU), Standard Unit Usage (STU) & Standard Cost per Unit (STC) and hit the calculate button.

FAQs on Material Yield Variance

What is the formula to find Material Yield Variance?

The formula of Material Yield Variance is expressed as Material Yield Variance = (Actual Unit Usage-Standard Unit Usage)*Standard Cost per Unit. Here is an example- 335000 = (2500-2000)*670.

How to calculate Material Yield Variance?

With Actual Unit Usage (AU), Standard Unit Usage (STU) & Standard Cost per Unit (STC) we can find Material Yield Variance using the formula - Material Yield Variance = (Actual Unit Usage-Standard Unit Usage)*Standard Cost per Unit.

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Material Yield Variance Formula

Material Yield Variance Example

Material Yield Variance Solution

Material Yield Variance Formula Elements

Other formulas in Cost Accounting category

How to Evaluate Material Yield Variance?

FAQs on Material Yield Variance

Variable Name