A company is manufacturing a chemical product making use of four different types of raw materials. The following information is available regarding the standards and actual.
Material |
Share of total input |
Raw material cost |
Quantity |
Raw material |
|
Standard % |
Standard |
consumed |
cost – Actual |
|
|
Rs/kg |
Actual |
Rs./kg |
A |
40 |
50 |
42, 000 |
48 |
B |
30 |
80 |
31, 000 |
80 |
C |
20 |
90 |
18, 000 |
92 |
D |
10 |
100 |
9, 000 |
110 |
There is an inevitable normal loss of 10% during the processing. Actual output 92, 000 kg
Calculate Material Cost, Price, Quantity, Mix and Yield variances.