Question no 1)
The Following Data apply to the production of a standard product known as PX standard quantity 1000 kg materials M Standard price per Kg Rs-2.40 During the Certain Month 1150 kg of M was actually used. the actual price paid for the materials M Rs-2.60 kg Computation The variance :- Materials price variance & Total Cost & usage variance.
Question no 2)
Normal Usage -60 per week each
Minimum usage -30per week each
Maximum usage-90 per week each
Re-ordering Quantity-A-500 & B-800
Re-ordering period -A-3 to 5 week & B-2 to 4 week
a) Compute the Following Re-ordering level, Minimum level, Maximul level, #question..