The following figures relate to the quantity
of material required for the production of a
product :
Standard Actual
Quantity
(kg)
Price
(fl
Amount
(T)
Quantity
(kg)
Price
(t)
Amount
(T)
A 120 20 2,400 160 24 3,840
B 180 40 7,200 120 50 6,000
300 9,600 280 9,840
Compute :
(a) Material Cost Variance
(b) Material Price Variance
(c) Material Usage Variance
(d) Material Mix Variance
Answers
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Answer:
1 kg =1000g
1hour=3660sec.
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