The standard cost of a chemical mixture AB is 40% of Material A at Rs. 400 per

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The standard cost of a chemical mixture AB is 40% of Material A at Rs. 400 per kg.

60% of Material B at Rs. 600 per kg.

A standard loss of 10% is anticipated in the production.

The following particulars are available for the month of December 2009:

180 kg of Material A has been used at Rs. 360 per kg.

220 kg of Material B has been used at Rs. 680 per kg.

The actual production of AB is 369 kgs.

Calculate all the material variances.

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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