What is Material Mix Variance? Meaning and Treatment
Material mix variance is a measure of the deviation in the usage of different materials from standard or expected usage. In other words, material Mix Variance measures the difference between the cost of the standard proportion of materials and the actual proportion of materials consumed in the production process during a period Material Mix Variance […]
What is Sales Volume Variance? | Formula
Sales volume variance is an important concept in accounting and finance that helps businesses understand how their sales performance differs from their original expectations. In this blog post, we will explain sales volume variance, why it is important, and how it is calculated. What is Sales Volume Variance? Sales volume variance measures the difference between […]
What is Trade Discount? Treatment of Trade Discounts
Trade discounts are discounts given to customers who purchase goods or services in large quantities or on a regular basis. These discounts are meant to encourage customers to buy more from the seller, and they are often a percentage of the list price. In this blog post, we will explain what trade discounts are and […]