Find out the Material variances: Materials Std. Qty. Std. Price Actual Qty. Actual Price (Kg) (Rs.) (Kg.)
Question:
Find out the Material variances:
Materials Std. Qty. Std. Price Actual Qty. Actual Price
(Kg) (Rs.) (Kg.) (Rs.)
A 50 2 60 3 B 25 5 30 4 75 90
[Ans.: (i) MVC : A = Rs. 80 (Adv.), B = Rs. 5 (Fav.); (ii) MPV: A = Rs. 60 (Adv.);
B = Rs. 30 (Far:. (iii) MUV: A = Rs. 20 (Adv.); B = Rs. 25 (Adv.);
(iv) MMV = Nil (v) MSUV = Rs. 45 (Adv.)]
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