32 Material-wise Breakup of Variances: Particulars (a) Yield Variance = Col. (1) - Col. (2) (b) Mix Variance = Col. (2) - Col. (3) (c) Usage Variance (a+b) - Col. (1) - Col. (3) (d) Price Variance - Col. (3) - Col. (4) (e) Total Material Cost Variance (c+d)= Col. (1) - Col. (4) Material A 16,000 F 10,000 F 26,000 F 14,000 A 12,000 F Material B *8,000 F 320,000 A 12,000 A * 6,000 F 36,000 A Total 24,000 F 10,000 A 14,000 F 8,000 A 76,000 F M15 2. Material Cost Variances The Standard Cost of certain chemical mixture is as under: 40% of Material A @ +30 per kg, 60% of Material B @ 40 per kg A Standard Loss of 10% of Input is expected in production. The following actual cost data is given for the period. 350 kg Material-A at a cost of