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.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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