you are required to calculate the following variances 622124
For manufacturing a certain quantity of product X, the standard and actual figures in respect of materials are as follows:
|
Materials |
Standard |
Act als |
||
|
Quality kg |
Price Rs. |
Quantity kg |
Price Rs. |
|
|
A B Less = Loss |
90 60 |
4 5 |
140 60 |
3-80 5-60 |
|
150 30 |
200 35 |
|||
|
120 |
165 |
You are required to calculate the following variances:
- Material-cost variance
- Material-price variance
- Material-usage variance
- Material-mix variance
- Material-yield variance
- Prepare the actual cost sheet.