H Time left 1:17:09 To produce 240 units, 600 kgs of raw material is required @...

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H Time left 1:17:09 To produce 240 units, 600 kgs of raw material is required @ Rs. 22 per kg During a month, 3,000 units were produced by consuming 7200 kg raw material for which payment was made at Rs.20 per kg. Calculate or mention the following: 1. Standard quantity for actual output 2. Actual quantity 3. Standard rate 4. Actual rate 5. Direct raw material variance: (SQ for AO * SR) - (AQ*AR) 6. Standard Quantity for Actual output i.e. SQ for AO * SR 7. Actual Quantity * Actual Rate i.e. AQ*AR 8. Direct material rate variance (DMRV) i.e. Actual quantity* (Standard rate minus Actual rate) 9. Direct material usage variance (DMUV) i.e. Standard rate * (Standard quantity for actual output minus Actual quantity) 10. Direct raw material variance (DMRV) is: (DMRV + DMUV) H Time left 1:17:09 To produce 240 units, 600 kgs of raw material is required @ Rs. 22 per kg During a month, 3,000 units were produced by consuming 7200 kg raw material for which payment was made at Rs.20 per kg. Calculate or mention the following: 1. Standard quantity for actual output 2. Actual quantity 3. Standard rate 4. Actual rate 5. Direct raw material variance: (SQ for AO * SR) - (AQ*AR) 6. Standard Quantity for Actual output i.e. SQ for AO * SR 7. Actual Quantity * Actual Rate i.e. AQ*AR 8. Direct material rate variance (DMRV) i.e. Actual quantity* (Standard rate minus Actual rate) 9. Direct material usage variance (DMUV) i.e. Standard rate * (Standard quantity for actual output minus Actual quantity) 10. Direct raw material variance (DMRV) is: (DMRV + DMUV)