MCV MCV Materials Cost Variance

(AQ x AP) - (SQ x SP) MPV Materials Price Variance

MUV Materials Usage Variance
MPV MYV Materials Yield Variance
(AP - SP) x AQ MMV Materials Mix Variance
RSQ Revised Standard Quantity indicates standard proportion of actual quantity
MUV AQ Actual Quantity
(AQ - SQ) x SP AP Actual Price
SQ Standard Quantity
MYV SP Standard Price
(SQ - RSQ) x SP

MMV
(RSQ - AQ) x Standard Price

RSQ
(Total AQ / Total SQ) x Standard Individual Quantity
rtion of actual quantity
From the following particulars, compute
a. Materials Cost Variance Rs. 1500/- Adverse
b. Materials Price Variance Rs. 1250/- Adverse
c. Materials Usage Variance Rs. 250/- Adverse

Quantity of Materials Purchased 3000 units

Value of Materials Purchased Rs. 9000
Std Qty of Materials Reqd per kg of output 30 units
Std Rate of Material Rs. 2.50 per unit
Opening Stock of Material NIL
Closing Stock of Material 500 units
Output during the period 80 kgs
The standard materials cost to produce a tonne of chemical X is:
300 kg of material A @ 10/- per kg
400 kg of material B @ 5/- per kg
500 kg of material C @ 6/- per kg

During a period, 100 tonnes of Mixture X was produced from the usage of:
35 tonnes of Material A at a cost of Rs.9000 per tonne
42 tonnes of Material B at a cost of Rs.6000 per tonne
53 tonnes of Material C at a cost of Rs.7000 per tonne

Calculate the cost, price, usage and mix variances