The standard mix to produce one unit of product is as follows:

Material A = 60 units @ Rs. 15 per unit = Rs. 900 Material B = 80 units @ Rs. 20 per unit = Rs. 1,600 Material C = 100 units @ Rs. 25 per unit = Rs. 2,500 240 units = Rs. 5,000 During the month of February, 10 units were produced and the actual consumption was as follows:

Material A - 640 units @ Rs. 17.50 per unit = Rs. 11,200 Material B - 950 units @ Rs. 18 per unit = Rs. 17,100 Material C - 870 units @ Rs. 27.50 per unit = Rs. 23,925 2460 units = Rs. 52,225 Calculate:
(i) Material Cost Variance (ii) Material Price Variance (iii) Material Usage Variance (iv) Material Mix Variance (v) Material Yield Variance.
[Ans.: MCV = Rs. 2225 (Adv.); MPV = Rs. 1,875 (Adv.) MUV = Rs. 350 (Adv.); MMV = Rs. 900 (Fav.); MYV = Rs. 1,250 (Adv.)]