The following information are given: Standard: Material Quantity Standard Price Per Kg A 8 Rs . 5 B 2 Rs. 6 C 10 Rs. 7 Actual : Material Quantity…
BBS Cost and Management Accounting · 2078 · Solved Question with Answer
The following information are given:
Standard:
| Material | Quantity | Standard Price Per Kg |
| A | 8 | Rs . 5 |
| B | 2 | Rs. 6 |
| C | 10 | Rs. 7 |
Actual :
| Material | Quantity | Actual Price Per Kg |
| A | 120 | Rs. 4 |
| B | 80 | Rs. 5 |
| C | 200 | Rs 8 |
Standard Loss in 10% and Actual output is 390 kg
Required : Material Variances