Calculate Material Variances from the following data:

Standard Actual Materials Qty. Price Qty. Price

(kg) (Rs.) (kg) (Rs.)

A 10 8 10 7 B 8 6 9 7 C 4 12 5 11 22 24 Loss 2 Loss 3 Standard Yield 20 Actual Yield = 21

[Ans.: MCV = Rs. 3.20 (Adv); MPV = Rs. 6.00 (Fav.); MUV = Rs. 9.20 (Adv);

MMV = Rs. 2.00 (Adv.); MYV = Rs. 7.20 (Adv.)]