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8. Find out the following Material variances : (a) Material Cost Variance (b) Material Price Variance (c) Material Usage Variance (d) Material Mix Variance (e)

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8. Find out the following Material variances : (a) Material Cost Variance (b) Material Price Variance (c) Material Usage Variance (d) Material Mix Variance (e) Material Yield Variance Standard Standard Mix Rs. Actual Material Material Actual Mix X 60 kg @ Rs. 5 300 X 56 kg @ Rs.8 Y 40 kg @ Rs.10 400 Y 44 kg @ Rs. 9 100 kg 700 100 kg Loss 30% 30 kg Loss 25% 25 kg 700 75 kg 70 kg

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