3. The standard material cost for a normal mix of one tonne of Urea fertilizer is based on Chemical A B с Usage (kg.) 240 400 640 Price per kg. 6 12 10 During a month, 6.25 tonne of Urea were produced from: Chemical Cost (Rs.) Consumption (tonne) A 1.6 11,200 B 2.4 30,000 C 4.5 47,250 Calculate all the material variances.

3. The standard material cost for a normal mix of one tonne of Urea fertilizer is based on Chemical A B с Usage (kg.) 240 400 640 Price per kg. 6 12 10 During a month, 6.25 tonne of Urea were produced from: Chemical Cost (Rs.) Consumption (tonne) A 1.6 11,200 B 2.4 30,000 C 4.5 47,250 Calculate all the material variances.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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a. Compute the Direct Materials Varia