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Mix ticket

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Definition of Mix ticket

Mix Ticket Image 1

Mix ticket

A list of the ingredients required for a blending operation.



Related Terms:

asset mix

The weighting of assets in an investment portfolio among different asset classes (e.g. shares, bonds, property, cash, overseas investments.


Direct materials mix variance

The variance between the budgeted and actual mixes of
direct materials costs, both using the actual total quantity used. This variance isolates
the unit cost of each item, excluding all other variables.


labor mix variance

(actual mix X actual hours X standard rate) - (standard mix X actual hours X standard rate);
it presents the financial effect associated with changing the
proportionate amount of higher or lower paid workers in production


material mix variance

(actual mix X actual quantity X standard price) - (standard mix X actual quantity X standardprice);
it computes the monetary effect of substituting a nonstandard mix of material


mix

any possible combination of material or labor inputs



mixed cost

a cost that has both a variable and a fixed component;
it varies with changes in activity, but not proportionately


optimal mix of capital

the combination of capital sources at which the lowest weighted average cost of capital is achieved


Mix Ticket Image 2

Pallet ticket

A document attached to a pallet, showing the description, part number,
and quantity of the item contained on the pallet.


Product/service mix

See sales mix.


Sales mix

The mix of product/services offered by the business, each of which may be aimed at different customers, with each product/service having different prices and costs.


sales mix

the relative combination of quantities of sales of the various products that make up the total sales of a company



 

 

 

 

 

 

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