A company manufactures a single product. The standard mix is as under: Material A 60% at

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A company manufactures a single product. The standard mix is as under:

Material A — 60% at Rs. 20 per kg Material B — 40% at Rs. 10 per kg Normal loss in production is 20% of input. Due to shortage of material A, the standard mix was changed. The actual results of February 2001 were:

Material A — 105 kg at Rs. 20 per kg Material B — 95 kg at Rs. 9 per kg Actual Output — 165 kg Calculate the various material variances.

[Ans: MCV = Rs. 345 (Fav.); MPV = Rs. 95 (Fav.); MUV = Rs. 250 (Fav.);

MMV = Rs. 150 (Fav.); MYV = Rs. 100]

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A company manufactures a single product. The standard mix is as under: Material A 60% at

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