Material

Standard

Actual

Qty (units)

Rate (Rs.)

Amount (Rs.)

Qty (units)

Rate (Rs.)

Amount (Rs.)

M

60

5

300

500

7

3,500

N

50

6

300

600

5

3,000

110

600

1,100

6,500

Less: Loss

10

100

100

600

1,000

6,500

From the above information, calculate the Material Variances.