Calculate the Material Variances and Labour Variances from the following information:

Material Standard Actual Qty. Price Amount Qty. Price Amount

(Kg) (Rs.) (Rs.) (Kg) (Rs.) (Rs.)

A 450 20 9.000 450 19 8,550 B 360 10 3,600 360 11 3,960 810 12,600 810 _______ Loss 90 Loss 50 12,510 Yield 720 Yield 760 Standard Actual Labour Qty. Price Amount Qty. Price Amount

(Kg) (Rs.) (Rs.) (Kg) (Rs.) (Rs.)

Skilled 2,400 2 4,800 2,400 2.25 5,400 Unskilled 1,200 1 1,200 1,200 1.25 1,500 3,600 6,000 3,600 6,900