Question

The Standard Cost of a Product P is: 40% of material Q at Rs 20 lb.
60% of Material R at Rs 30 per lb. The Standard Loss in Production
is expected to be 10%. In a certain period 180 lbs of Material Q at Rs10
per lb. and 220 lb. of Material R at Rs 34 lb. were used. Good
production realized was 364 lbs.
Calculate
(1) Material Cost Variance (ii) Material Usage Variance
(1) Material Price Variance (iv) Material Sub-usage Variance
(v) Material Mix Variance.​

Answer 1

Answer:

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