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The following standards have been set to manufacture one unit of a product: Direct materials : 2 Kgs of A at RO 4 per Kg
The following standards have been set to manufacture one unit of a product:
Direct materials :
2 Kgs of A at RO 4 per Kg
3 Kgs of B at RO 3 per Kg
1.5 Kgs of C at RO 1 per Kg
The company manufactured and sold 600 units of the product during the year. Direct material costs were as follows :
1250 Kgs of A at RO 5 per Kg
1650 Kgs of B at RO 2.50 per Kg
935 Kgs of C at RO 1.50 per Kg
calculate MCV,MPV,MUV,MMV,MYV
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