From the following particulars, calculate MCVs and LCVs:
|
Qty/Hours |
Rate Rs. |
Amount RS. |
|
|
Standard cost per unit |
|||
|
Materials |
10 kg |
10 |
100 |
|
Labour |
20 kg |
4 |
80 |
For the production of 2,000 units:
Material consumed: 24,000 kg @ Rs. 9 per kg.
Labour hours taken: 38,200 hrs @ Rs. 5 per hour, including 200 idle hours due to machine break down.