Determine the MMV from the following information:
|
Hours |
Rate |
Total |
|
|
Skilled Worker |
5 |
1.50 |
7.50 |
|
Unskilled Worker |
8 |
0.50 |
4.00 |
|
Semi-skilled Worker |
4 |
0.75 |
3.00 |
|
17 |
14.50 |
|
Raw Material |
Standard Mix |
Actual Mix |
||
|
Qty(Unit) |
Price per unit (Rs.) |
Qty (units) |
Price per unit |
|
|
A |
100 |
5 |
150 |
5.50 |
|
B |
200 |
6 |
250 |
6.00 |
|
C |
300 |
4 |
400 |
350 |
Due to a shortage of Material B, it was decided to reduce the consumption of B by 5% and increase that of A by 10%.