Question

To make one unit of a product: standard material required is 16 kgs @ std rate of Re. 1 per kg. nActual result:
required 20 kgs of material purchased at Rs.1.50 per kg. Material Cost Variance is =​

Answer 1

Answer:

jai hind in comment or leave the math and arithmetic without the Past to

Answer 2

Given: standard material required is 16 kgs @ std rate of Re. 1 per kg. nActual result:  required 20 kgs of material purchased at Rs.1.50 per kg.

With the help of formula:

Material Cost Variance = Standard Cost for Actual Output – Actual Cost

                                      = (SP x SQ) – (AP x AQ)

                                      = (1 x 16) – (1.50 x 20)

                                      =16 - 30

                                      = Rs. 14 (Unfavorable or Adverse)