Ques 6 b) A manufacturing concern which had adopted standard costing furnishes the following information: Standard Material for 70kgs finished products 100kgs 71 per kg Price of material Actual Output Materials used 2,10,000kgs 2,80,000kgs 2,52,000 Cost of materials Calculate: i) Material usage variance i) Material price variance iii) Material cost variance

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Ques 6 b) A manufacturing concern which had adopted standard costing furnishes the following information:
Standard
Material for 70kgs finished products 100kgs
71 per kg
Price of material
Actual
Output
Materials used
2,10,000kgs
2,80,000kgs
2,52,000
Cost of materials
Calculate:
i) Material usage variance
ii) Material price variance
i) Material cost variance
Transcribed Image Text:Ques 6 b) A manufacturing concern which had adopted standard costing furnishes the following information: Standard Material for 70kgs finished products 100kgs 71 per kg Price of material Actual Output Materials used 2,10,000kgs 2,80,000kgs 2,52,000 Cost of materials Calculate: i) Material usage variance ii) Material price variance i) Material cost variance
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