Question: please provide answer with each and every step as soon as possible The Standard Cost of Chemical mixture 'PQ' is as follows: 40% of material

 please provide answer with each and every step as soon as

please provide answer with each and every step as soon as possible

The Standard Cost of Chemical mixture 'PQ' is as follows: 40% of material P @ Rs.400 per kg.60\% of material Q @ Rs.600 per kg. A standard loss of 10% is normally anticipated in production. The following particulars are available for the month of March, 2004. 180kgs of material P have been used @ Rs.680 per kg 220kgs of material Q have been used @ Rs.360 per kg. The actual of production of 'PQ' was 369kgs. Calculate the following variances: a) Material Price Variance b) Material Usage Variance c) Material Mix Variance d) Material Yield Variance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!