The standard mix of product is as under:

Material A - 60 units @ 15 paise per unit:

Material B - 80 units @ 20 paise per unit Material C = 100 units @ 25 paise per unit.

10 units of finished product should be obtained from the above mix.

During the month January 2008, 10 such mixes were completed and consumption was as follows:

Material A - 640 units @ 20 paise per unit Material B - 960 units @ 15 paise per unit Material C - 840 units @ 30 paise per unit Actual output was 90 units.

Calculate the various material variances.

[Ans: MCV = Rs. 74 (Adv.); MPV = Rs. 26 (Adv.); MUV = Rs. 48

(Adv.); MMV = Rs. 10.35 (Fav.) MYV = Rs. 58.35 (Adv.)]