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The standard cost of chemical mixture ~PQ is as follows: 40% of material P @ Rs 400 per kg 60% of material Q @ Rs
The standard cost of chemical mixture ~PQ is as follows:
40% of material P @ Rs 400 per kg
60% of material Q @ Rs 600 per kg. A standard loss of 10% is normally anticipated in production. The following particular are available for the month of march, 2005.
180 kg of material P have been used @ Rs 680 per kg
220 kg of material Q have been used @ Rs 360 per kg.
The actual production of material PQ was 369kg.
Calculate the following variance
Material price variance
Material usage variance
Material mix variance
Material yield variance.
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