the standard mixture of material x and material y for the production of product z is 620456
The standard mixture of Material X and Material Y for the production of Product Z is as follows:
Material X: 40% @ Rs. 400 per kg.
Material Y: 60% @ Rs. 600 per kg.
A standard loss of 10% is normally anticipated in production. The following actual data are available for the month of January, 2010:
180 kg of Material X have been used @ Rs. 360 per kg.
220 kg of Material Y have been used @ Rs. 680 per kg.
The actual production of Product Z during January 2010 was 369 kg.
Calculate the Material Variances.