One kg of product 'C' requires two chemicals, A and B. the following are the details...
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One kg of product 'C' requires two chemicals, A and B. the following are the details of the product'C' for the month January. a. Standard mix of chemical A, 50 % and chemical B 50 % b. Standard price per kg of chemical A, Rs.120 and chemical B, Rs.150 c. Actual input of chemical B, 70 kgs d. Actual price per kg of chemical A, Rs. 150 e. Standard normal loss, 10 % of total output f. Material cost variance, total Rs.6,500 adverse g. Material Yield Variance, total, Rs.1350 adverse h. Actual output of chemical 'C', 90 kgs You are required to calculate: ii. i. Material Price Variance (total) Material Mix Variance (total) Material Usage Variance (total) iii. iv. Actual loss of actual input Actual input of chemical A Actual price per kg of chemical B V. vi. One kg of product 'C' requires two chemicals, A and B. the following are the details of the product'C' for the month January. a. Standard mix of chemical A, 50 % and chemical B 50 % b. Standard price per kg of chemical A, Rs.120 and chemical B, Rs.150 c. Actual input of chemical B, 70 kgs d. Actual price per kg of chemical A, Rs. 150 e. Standard normal loss, 10 % of total output f. Material cost variance, total Rs.6,500 adverse g. Material Yield Variance, total, Rs.1350 adverse h. Actual output of chemical 'C', 90 kgs You are required to calculate: ii. i. Material Price Variance (total) Material Mix Variance (total) Material Usage Variance (total) iii. iv. Actual loss of actual input Actual input of chemical A Actual price per kg of chemical B V. vi.
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Lets break down the calculations step by step a Standard mix of chemical A and B Chemical A 50 Chemical B 50 b Standard price per kg Chemical A Rs 120 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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