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Material Cost Variance
Material Cost Variance
2.
3.
4. A typical cost sheet for raw material and labour required to manufacture an item is
given below.
Raw material 4 kgs at Rs. 11 Per Kg
Wages - 10 hours at Rs. 3 per Hour
The raw material and labour mentioned below were actually used to produce a total of
5,800 units in March 2019.
Raw material - 23,500 kgs at Rs. 10
Wages - 58,300 hours per hour at Rs. 3.50
Find the raw material and labour cost variances.
5.
6.