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material price variance=AQ*SP-AQ*AP
A = 3*100-4*100
= -100(UNFAVOUABLE)
MATERIAL USAGE VARIANCE = SQ*SP-AQ*SP
A = 3*100-3*100
= 0
THIS IS HOW U CAN CALCULATE OTHER VARIANCES:)
Thanks!! but my query is specific to material "C" and "X".
What will be the nature of variance for material "C" and "X".
I think u have created this question with ur imagination. If raw material C is required then how can material X be utilised???
It is a real world problem. Material C & X are subsitute to each other.
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