What is a " Material Yield Variance" (accounting term)?

Question

What are the possible causes when "Yield Variance" in Material shows up the "FAV" fig or "Adv" fig in Material Variances?

Answer 1

Material yield variance is the difference between the material that is "budgeted" to build a unit and the actual amount used.

Variances are favorable (you used less) or unfavorable (you used more)