Question: Mixers Ltd is engaged in producing a standard mix using 60 kg of Chemical X and 40 kg of Chemical Y. The standard loss of

Mixers Ltd is engaged in producing a standard mix using 60 kg of Chemical X and 40 kg of Chemical Y. The standard loss of production is 30%. The standard price of X is Rs. 5 per kg and Y Rs. 10 per kg. The actual mix and yield were as follows:

X 80 Kg @ Rs. 4.50 per Kg

Y 70 Kg @ 8.00 per Kg

Actual Yield 115 Kg

Calculate Direct Material Cost, Price, Usage, Mix and Yield Variances.

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