MIX and YIELD Material Variances Standard Standard Quantity Total Standard Cost S18 Price per uni Standard 3. Mix 2. 375 .125 500 16 36 Actual 18 units 90 18 22 46 196 finished units Output Standard mix should produce 4 25 finished units Actual Individual mix variance for noninterchangeable inputs for material 4.00 14 C MIX VARIANCE STD PRICE VAR TYPE TOTAL 4.50 17.04 18.00 ACT STD ACTO STD ACT QUAN QUAN 2 pt Variance is favorable unfavorable Yield 4.00 variance Yield ratio output / input 4.50 Standard yield expected 17.04 - Standard cost of inputs Standard cost per unit 18.00 Actual amount of inputs Standard yield - Yield ratio at actual (Actual yield- Standard yield ) 2 pt Variance is A favorable B unfavorable Standard cost of yield x Market value method Units produced PRODUCTION JOINT 16 Market value per unit Product 3. Total joint cost Joint cost allocation to product joint cost market value of product total market value