The standard material input, required for 1,000 kgs of a finished product, are given below: Quantity...

 

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The standard material input, required for 1,000 kgs of a finished product, are given below: Quantity Std rate per kgs (kgs) $ Material P R Standard loss Standard output P Q R Calculate: (0) 450 Material cost Variance Material price Variance Material usage variance Material Mix Variance 400 250 Actual production in a period was 20,000 kgs of finished product for which the actual quantities of material used and the prices paid thereof were as under Material 1,100 100 1,000 Quantities (Kgs) (IV) (V) Material Yield Variance Present a reconciliation among the variances. 10,000 8,500 4,500 20 40 60 Purchase price per $ 19 42 65 The standard material input, required for 1,000 kgs of a finished product, are given below: Quantity Std rate per kgs (kgs) $ Material P R Standard loss Standard output P Q R Calculate: (0) 450 Material cost Variance Material price Variance Material usage variance Material Mix Variance 400 250 Actual production in a period was 20,000 kgs of finished product for which the actual quantities of material used and the prices paid thereof were as under Material 1,100 100 1,000 Quantities (Kgs) (IV) (V) Material Yield Variance Present a reconciliation among the variances. 10,000 8,500 4,500 20 40 60 Purchase price per $ 19 42 65

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Material Standard for 20000 kgs output Actual for 20000 kgs output Rate Amt aty Rate Amt kgs 180000 ... View the full answer