Q.3. XYZ Ltd is producing a 'standard mix' by using 60 kgs of material A and 40 kgs of material B. A standard loss of 30% is expected in the production. The standard price of A is 25 per kg and that of B 10 per kg. The actual mixture and yield were as follows: A 80 kgs @*4.50 per kg B 70 kgs @ 8 per kg Actual yield is 115 kgs. You are required to calculate: (i) Material Cost Variance (ii) Material Price Variance (iii) Material Usage Variance (iv) Material Mix Variance (v) Material Yield Variance (20 marks) EN A 9:02 PM 2/5/2021