Q3. In a manufacturing process the following standards apply: Standard Price: Raw material A Rs....
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Q3. In a manufacturing process the following standards apply: Standard Price: Raw material A Rs. 10 per kg B Rs. 50 per kg Standard mix: 75% A and 25% B (by weight) Standard Output (weight of product as a percentage of weight of raw material) -90% In a particular period actual costs, usages and output were as follows: 4,400 kgs of A costing Rs. 46,500 I The budgeted output for the period was 7.200 kg. Compute Material variances. (Material cost, price, usage, mix, yield variances) 1,600 kgs of B costing Rs. 78.500 Output 5,670 kg of product
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