Calculate material mix variance
Standard mix for one unit of product ‘X' is : Material A 50 Kg @ $ 10 Per Kg Material B 75 Kg @ $ 20 Per Kg Total Input 125 Kg (50+75) Actual mix used was Material A 60 Kg @ $ 12 Per Kg Material B 65 Kg @ $ 18 Per Kg Calculate Material Mix Variance.
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Find the following (a) Material Cost Variance (b) Material Price Variance (1) At the point of consumption (2) At the point of purchase (3) Material usage variance On the basis of following data.
Standard mix for one unit of product ‘X' is : Material A 50 Kg @ $ 10 Per Kg Material B 75 Kg @ $ 20 Per Kg Total Input 125 Kg (50+75) Actual mix used was Material A 60 Kg @ $ 12 Per Kg Material B 65 Kg @ $ 18 Per Kg Calculate Material Mix V
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