Reference no: EM132595727

Question - 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 particulars are available for the month of March, 2005.

180 kgs of material P have been used @ Rs. 680 per kg.

220 kgs of material Q have been used @ Rs. 360 per kg.

The actual of production of 'PQ' was 369 kgs.

Calculate the following variance:

a) Material Price Variance

b) Material Usage Variance

c) Material Mix Variance

d) Material Yield Variance