Direct materials mix variance

Direct materials mix variance is the difference between (1) budgeted cost for actual mix of the actual total quantity of direct materials used and (2) budgeted cost of budgeted mix of the actual total quantity of direct materials used.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Direct materials mix variance. The difference between (1) budgeted cost for actual mix of the actual total quantity of direct materials used and (2) budgeted cost of budgeted mix of the actual total quantity of direct materials used.