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Learn how to calculate all direct material variances in Excel including Material usage, yield, mix and price variances.

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This is a very important topic in management accounting that both students and professionals deal with. In this video, I show you the formulas to calculate each of the direct material variances with an example. We start with total material cost variances and then match the matrial price variance and usage variance (including yield and mix) with the total variance. This is a very useful video for students or professionals who are not entirely clear on the material variance analysis concepts. I highly recommend that you follow along the example calculations in Excel as you watch the video, as this will solidify the concepts and help you solve variance analysis questions or practical scenarios very easily. Show me love by leaving comment if you found this information helpful.

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Hope you find the information in the video helpful. If you like to watch more videos in accounting, financial analysis and controller ship, videos that help you directly in doing your job, subscribe to my channel. If you liked the video, I would love if you could LIKE it and leave a comment. If you have any questions or feedback, again leave a comment. Lets stay connected at #learnaccountingfinance #standardcosting #materialvariance