Standard material cost for manufacturing 1,000 units of output is 400 kg of material at Rs. 2.50 per kg. When 2,000 units are produced it is found that actual cost is 825 per kg of material at Rs. 2.70 per kg. Calculate material cost variance, material price variance and material usage variance.

Answer rating: 100% (QA)

Material cost variance Rs 2275 Unfavorable Material price variance Rs 165 Unfavorable Material us... View the full answer