questuon 5, 6, and 7? please help.

ORht VO)) LTE LTE 16% 9:07 pm Assignment 1 - Read-only . . . Read Only - You can't save changes to this file. V Question 4 Calculate from the following data: (a) MPV; (b) Material mix variance; (c) Material yield variance; (d) material usage variance and (e) Material cost variance Material Standard price per Standard weight per Actual usage of 36 |Actual price per 1b. unit of output units 1b 10 O WAN 72 108 126 306 Question 5 A company manufactures a particular product the standard direct material cost of which is rs. 10 per unit. The following information is obtained from the costing records: Standard mix Actual results from June 1998 Material Quantity Rate Amount Material Quantity Rate Amount A B 70 10 700 400 11 4400 30 5 150 200 6 1200 100 850 60 5600 Loss: 15 Loss:( 60 (15%) 10%) 85 850 540 5600 Compute: MPV, MMV, MYV, MUV and Total Material cost variance Question 6: Calculate (i) Direct labour cost variance, (ii) Direct labour rate variance and (iii) Direct labour efficiency variance Standard output 100 units Standard time 2hrs. Standard rate per hour Rs. 3 Actual output 80 units Total actual time taken 150 hrs. Actual rate per hr. Rs. 3.50 Question 7 the standard cost card reveals the following information: Standard labour rate 50 paise per hour Standard hours required per unit 10 hours Actual data are given below: Units produced are 500, standard hours worked is 6000 and actual labour cost is Rs. 2,400. Calculate labour variances