For manufacturing a certain quantity of product X, the standard and actual fi gures in respect of materials are as follows:

You are required to calculate the following variances:

(a) Material-cost variance

(b) Material-price variance

(c) Material-usage variance

(d) Material-mix variance

(e) Material-yield variance

(f) Prepare the actual cost sheet.

Transcribed Image Text:

Standard Actuals Materials Quality kg Price Rs. Quantity kg Price Rs. A 90 B 60 450 140 3-80 60 5-60 Less = Loss 150 200 30 35 120 165