HGV Multi-Chemicals manufacture and sell a product called FMX from three raw materials namely H, G and V. FMX is budgeted to sell for RM88 per unit.

For the month of July, the standard input at the standard mix are:

kg Std Price (RM)

H - 5,500 5.00

G - 2,000 4.00

V - 2,500 2.00

10,000

The actual input at the actual mix for the same month are:

kg Actual Price RM

H - 5,200 4.00

G - 2,200 4.20

V - 2,600 2.50

10,000 litres

The expected standard loss in the production of the chemicals is 8%.

The actual loss in the production of the chemicals is 8.5%.

Required: Calculate the:

• (a) Material price variance
• (b) Standard cost of yield
• (c) Material mix variance
• (d) Material yield variance
• (e) Material usage variance

(for each of the variances (a) to (e), your calculations should show the individual materials H, G, and V variances separately)