DEFINITION of 'Yield Variance'
The difference between actual output and standard output of a production or manufacturing process, based on standard inputs of materials and labor. The yield variance is valued at standard cost. Yield variance is generally unfavorable, i.e., actual output is less than standard or expected output, and only rarely favorable.
INVESTOPEDIA EXPLAINS 'Yield Variance'
For example, if 1,000 units of a product is the standard output based on 1,000 kilograms of materials in an 8hour production unit, and the actual output is 990 units, there is an unfavorable yield variance of 10 units. If the standard cost is $25 per unit, the unfavorable yield variance would be $250.

Variance
The spread between numbers in a data set, measuring Variance ... 
Efficiency Variance
The difference between the theoretical amount of inputs required ... 
Budget Variance
A periodic measure used by governments, corporations or individuals ... 
Portfolio Variance
The measurement of how the actual returns of a group of securities ... 
Analysis Of Variance  ANOVA
A statistical analysis tool that separates the total variability ... 
Cost Test
A standard test applied to a process to determine if the net ...

How do I use the rule of 72 to estimate compounding periods?
The rule of 72 is best used to estimate compounding periods that are factors of two (2, 4, 12, 200 and so on). This is because ... Read Full Answer >> 
How can I use Bollinger Bands® to spot options trading opportunities?
Traders can use Bollinger Bands in a couple of different types of trading strategies. The most common strategy is using Bollinger ... Read Full Answer >> 
How can I run linear and multiple regressions in Excel?
The first step in running regression analysis in Excel is verifying that your software has the capabilities to perform the ... Read Full Answer >> 
How do I calculate the rule of 72 using Matlab?
In finance, the rule of 72 is a useful shortcut to assess how long it takes an investment to double given its annual growth ... Read Full Answer >> 
How do I calculate the standard error using Matlab?
In statistics, the standard error is the standard deviation of the sampling statistical measure, usually the sample mean. ... Read Full Answer >> 
How do I use the rule of 72 to calculate continuous compounding?
The rule of 72 is a mathematical shortcut used to predict when a population, investment or other growing category will double ... Read Full Answer >>

Markets
Using Historical Volatility To Gauge Future Risk
Use these calculations to uncover the risk involved in your investments. 
Investing Basics
Regression Basics For Business Analysis
This tool is easy to use and can provide valuable information on financial analysis and forecasting. Find out how. 
Bonds & Fixed Income
Find The Highest Returns With The Sharpe Ratio
Learn how to follow the efficient frontier to increase your chances of successful investing. 
Options & Futures
An Introduction To Value at Risk (VAR)
Volatility is not the only way to measure risk. Learn about the "new science of risk management". 
Economics
Understanding Organizational Behavior
Organizational behavior is the study of how humans interact in group environments. 
Fundamental Analysis
Explaining the Monte Carlo Simulation
Monte Carlo simulation is an analysis done by running a number of different variables through a model in order to determine the different outcomes. 
Economics
Understanding Implicit Costs
An implicit cost is any cost associated with not taking a certain action. 
Fundamental Analysis
Explaining the Empirical Rule
The empirical rule provides a quick estimate of the spread of data in a normal statistical distribution. 
Economics
Explaining Demographics
Demographics is the study and categorization of people based on factors such as income level, education, gender, race, age, and employment. 
Economics
What are Deliverables?
Deliverables is a project management term describing an object or function that must be provided or completed by a certain due date.