pls solve this
a company is producing a std mix by using 60 kg of material x and 40 kg of material y . the std loss of production is 30% .the std price of x is 5 per kg and that of y at 10 per kg .the actual mixture and yield were as follows .
x 80kg @ 4.50 per kg y70kg @ 8 per kg
actual yield 115 kg
pls calculate material cost variances
STANDARD ACTUAL
QTY RATE AMOUNT QTY RATE AMOUNT
X 60 5 300 80 4.5 360
Y 40 10 400 70 8 560
--------------- ----------------------
700 920
PLEASE CONSIDER REVISED ANSWER.....................
bro in tulsian the answer is 230 f yaar why u have nt treated std loss like if 100 is input then 70 is output so if 115 is output then input will be 164.28 (by unitary method) bt is se bi answer is nt comming right? pls also tell .. why u have nt considered std losS?? of 30%
YES YOU ARE RIGHT , I FORGOT CONSIDER STANDARD LOSS....................
SORRY , ACCORDINGLY ANSWER WILL BE AS FOLLOW :-
STD COMPARABLE
X 98.574 5 492.87
Y 65.716 10 657.16
164.29 1150.03
MAT COST VAR. = 1150.03 - 920
= 230 (F)
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