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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