Mixers Ltd is engaged in producing a standard mix, using 60 kg of chemical X and 40

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Mixers Ltd is engaged in producing a standard mix, using 60 kg of chemical X and 40 kg of chemical Y.

The standard loss of production is 30 y. The standard price of X is Rs. 5 per kg and of Y is Rs. 10 per kg.

The actual mixture and yield were as follows:

X – 80 kgs at Rs. 4.50 per kg.

Y – 70 kgs at Rs. 8 per kg.

Actual yield – 115 kgs.

Calculate material variances (Price, Usage, Yield, Mix)

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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