|
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.