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Calculate all material cost variances

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Reference no: EM132869907

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Q1. A company gives the following information:

Margin of Safety = 3,75,000

Total Cost = 3,87,500

Margin of Safety (Qty.) = 15,000 units

Break Even Sales in Units = 5,000 units

Calculate Selling price per unit, Profit and Profit/ Volume Ratio.

Q2. KM Ltd. presents the following information for November, 2018:

Budgeted production of product P = 200 units.

Standard consumption of Raw materials = 2 kg. per unit of P.

Standard price of material A = 6 per kg.

Actually, 250 units of P were produced and material A was purchased at 8 per kg and consumed at 1.8 kg per unit of P.

Calculate all Material Cost Variances.

Reference no: EM132869907

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