When multiple inputs of labor or material resources are required for production, the labor efficiency variance and
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When multiple inputs of labor or material resources are required for production, the labor efficiency variance and the material quantity variance can each be analyzed into two separate components called mix and yield variances. A quantity or efficiency variance consists of the difference between standard and actual quantity of inputs multiplied by standard resource costs. Describe specifically how these components of the variance are broken down by further analysis and discuss what information is isolated by the mix and yield variances.
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