The standard costing of a Cement Co. is as under:

4 ton of material X at Rs. 20 per ton.

6 ton of material Y at Rs. 30 per ton.

The actual cost for a period is as under:

4.5 tons of material X at Rs. 15 per ton 5.5 tons of material Y at Rs. 34 per ton.

The standard yield is 90% of input, whereas the actual yield is 9.1 tons.

Calculate:

(a) Material Cost Variance.

(b) Material Price Variance.

(c) Material Usage Variance.

(d) Material Mix Variance.

(e) Material Yield Variance.

[Ans.: MCV = Rs. 8.38 (Fav.); MPV = Rs. 0.50 (Fav.)] MUV = Rs. 7.88 (Fav.);

MMV = Rs. 5 (Fav.); MYV = Rs. 2.88 (Fav.)