. In a manufacturing process, following standards apply:
Standard prices: Raw Material A – Rs 10/Kg and B – Rs 50/kg
Standard Mix – 75% of A and 25% of B (By weight)
Standard output – 90% of the raw material (in weight)
In a particular period, actual costs, usages and output were as follows:
4400 kg of A costing Rs 46,500
1600 kgs of B costing Rs 78,500
Output was 5670 kgs of the product.
The budgeted output of the period was 7200 kgs.
Calculate all material variances.
. In a manufacturing process, following standards apply:
Standard prices: Raw Material A – Rs 10/Kg and B – Rs 50/kg
Standard Mix – 75% of A and 25% of B (By weight)
Standard output – 90% of the raw material (in weight)
In a particular period, actual costs, usages and output were as follows:
4400 kg of A costing Rs 46,500
1600 kgs of B costing Rs 78,500
Output was 5670 kgs of the product.
The budgeted output of the period was 7200 kgs.
Calculate all material variances.