Q1: The standard cost of a chemical mixture is as follows: 40% material A at Rs 20 per kg 60% material B at Rs. 30 per kg A standard loss of 10% of input is expected in production. The cost recoOrds for a period showed the following usage: I 90 kg material A at a cost of Rs 18 per kg 110 kg material B at a cost of Rs 34 per kg The quality produced was 182 kg of good product. Calculate 1) Material cost Variance 2) Material Price Variance 3) Material Usage Variance AND