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The standard cost of a chemical mixture is as follows: 60% of Material A @ USD 50 per kg 40% of Material B @ USD

The standard cost of a chemical mixture is as follows:

60% of Material A @ USD 50 per kg

40% of Material B @ USD 60 per kg 3

A stand loss of 25% on output is expected in production. The cost records for a period has shown the following usage.

540 kg of Material A @ USD 60 per kg

260 kg of Material B @ USD 50 per kg

The quantity processed was 680 kgs of good product. From the above given information, calculate:

(i) Material Cost Variance

(ii) Material Price Variance

(iii) Material Efficiency Variance

(iv) Material Mix Variance

(v) Material Yield Variance

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