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( a ) The Standard Cost of Actual Consumption is 8 , 0 0 0 and Actual Cost of Actual Consumption if 8 , 6


(a) The Standard Cost of Actual Consumption is 8,000 and Actual Cost of Actual Consumption if 8,600 where as the standard cost of a product if Rs.7,100. Calculate Material Price and Usage Variance.

(b) The Standard price of a material is Rs.5 per kg and the actual price is Rs.5.90 per kg.

If Material Price Variance is 4,000(F), then calculate Actual Quantity of Material consumed.

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