Calculate material mix variance when, cost of a chemical mixture manufactured by Abex Pvt. Ltd. as under:
Standard Cost Actual Cost
20 tons of material X at Rs.40 per ton 20 tons of material X at Rs.30 per ton
30 tons of material Y at Rs.50 per ton 40 tons of material Y at Rs.59 per ton
Std. Yield is 80% of output Actual Yield is 32.5 tons
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