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1) A company's Budget shows a total Material Usage requirement of 5,000 kg with a total cost of Rs. 25,000 and as per the Budget,
1) A company's Budget shows a total Material Usage requirement of 5,000 kg with a total cost of Rs. 25,000 and as per the Budget, the company plans to produce 1,250 units using the material. At the end of the quarter, the company actually produced 1,400 units using 7,000 kg of material with a material cost of Rs. 5.5 per kg. What is the Direct Material Usage Variance? | 2) In Process 2, the input of material is 8,000 units at Rs. 31,200, whereas conversion cost is Rs.16,800. Expected loss of 20% of input. The actual output from the process is 6000 units and loss units can be sold at a scrap value of Rs. 2 per unit. What will be the Cost per Unit, Cost of Output, and Cost of Abnormal Loss (if any)
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