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Material Cost Variance Problems
Material Cost Variance Problems
Material Cost Variance Problems
DEC-13
[ 2012]
Q.1[C]
ANS
27,000
Q.4[B]
DEC-13
[2012]
Q.2[B]
ANS:
i)12,50,00
0[f]
ii)4,00,000
[f]
iii)2,50,000
[f]
iv)6,00,000
[f]
v)8,50,000
[f]
Illustratio
Q.5. The standard quantity and standard price of raw material required for one n 2:
[Study
unit of product A are given as follows Note-2012]
Quantity (kg.) S.P. (`) i)370[A]
Material X 2 3 ii)470[A]
iii)100[F]
Material y 4 2 iv)133[A]
The actual production and relevant data are as follows: v)
Material X 1,100 kgs. @ ` 3,410
Material y 1,800 kgs. @ ` 3,960
Calculate Variances. Actual production was 500 units.
Illustration
Q.6. Mixers Ltd is engaged in producing a standard mis using 60 kg of chemical X and 40 4:
[Study
kg of chemical Y.The standard loss of production is 30%.The standard proce of X is Rs.5 per Note[old]]
kg and of Y is Rs.10 per kg.The actual mixture and yield were as follows:- PAGE-369
X—80 kg @Rs.4.50 per kg i)230[F]
ii)40-F
Y---70 kg @Rs.8 per kg 140-F
Actual Yield 115 kg. iii)]92.5-F
42.9 A
Calculate all material variances. iv)50 A
v)]100-F