From the following calculate the Material Variances; Actual production during the period 192 units.

Material A Material B Actual Price per ton Rs. 277.50 Rs. 308 Standard Price per ton Rs. 240.00 Rs. 320 Actual Weight 16 tons 13 tons Budgeted production during the period 400 units for which the standard quantity of materials are 30 tons of A and 25 tons of B.

[Ans.: MCV = Rs.1,148 (Adv.); MPV = Rs.444 (Adv.) MUV = Rs.704 (Adv.)]