compute the following material variances contributing to the actual cost of 100 kg o 621599
The standard material cost for 100 kg of Chemical D is made up of:
Chemical A |
30 kg @ Rs. 4.00 per kg |
Chemical B |
40 kg @ Rs. 5.00 per kg |
Chemical C |
80 kg @ Rs. 6.00 per kg |
In a batch, 500 kg of Chemical D is produced from a mix of:
Chemical A |
140 kg at a cost of Rs. 588 |
Chemical B |
220 kg at a cost of Rs. 1,056 |
Chemical C |
440 kg at a cost of Rs. 2,860 |
Compute the following material variances contributing to the actual cost of 100 kg of Chemical D over the Standard Cost: (i) MCV; (ii) MPV; (iii) MUV; (iv) MMV; (v) MYV.