Variance analysis is a most used tool by accountants to review and control of responsibility center operations [that use standard cost system] and as facilitating factors in judging managerial performance in general. I have discussed single variance analyses on various post in the past, but I haven’t discussed mix and yield variance analysis yet. So, in this post I discuss mix and yeild variance analysis. Through a single case example demonstrated in this post, you will learn what mix variance is, [...]