# Single Material :: Material Variances : Problems and Solutions

# Problem 1

**Solution**

[MCV = − 280 ; MPV = − 380; MUV/MQV = − 100 ; MMV = 0 and MYV/MSUV = − 100;]

# Problem 2

**Solution**

[MCV = − 1,34,550 ; MPV = − 79,200; MUV/MQV = − 55,350; MMV = 0; MYV/MSUV = − 55,350;]

# Problem 3

Standard Quantity of Sunmica per table | 4 sq. ft. |

Standard price per sq. ft. of Sunmica | 5.00. |

Actual production of tables | 1,000 |

Sunmica actually used | 4,300 sq.ft. |

Actual purchase price of Sunmica per sq. ft. | 5.50 |

**Solution**

[MCV = − 3,650 ; MPV = − 2,150; MUV/MQV = − 1,500; MMV = 0; MYV/MSUV = − 1,500;]

# Problem 4

Standard output | 600 units |

Actual output | 500 units |

Std. qty. per unit | 1 kg. |

Total actual qty.used | 600 kg. |

Std. rate per unit | 14 per kg. |

Actual rate per unit | 15 per kg. |

**Solution**

[MCV = − 2,000 ; MPV = − 600; MUV/MQV = − 1,400; MMV = 0; MYV/MSUV = − 1,400;]

# Problem 5

Calculate variances.

**Solution**

[MCV = − 1,230 ; MPV = − 330; MUV/MQV = − 900; MMV = 0; MYV/MSUV = − 900;]

# Practice Problem 1

Material 80 kg. @ 1.50 per kg. On completion of the production of 5 units, it was found that 75 kg. of material costing 1.75 per kg. has been consumed.

You are required to analyse the material variances:

**Solution**

[MCV = − 11.25 ; MPV = − 18.75; MUV/MQV = + 7.50 ; MMV = 0 and MYV/MSUV = + 7.50.]

# Practice Problem 2

Standard Price = 2 per unit

Standard quantity = 4,000 units

Actual price = 2.50 per unit

Actual usage of materials = 4,100 units.

Calculate Material Variances.

**Solution**

[MCV = − 2,250 ; MPV = − 2,050; MUV/MQV = − 200 ; MMV = 0 and MYV/MSUV = − 200.]

# Practice Problem 3

Standard output | 1,200 units |

Actual output | 1,000 units |

Standard quantity for Standard output | 1,200 kg. |

Actual quantity used | 1,100 kg. |

Standard price | 7.00 per kg. |

Actual price | 7.50 per kg. |

**Solution**

[MCV = − 1,250 ; MPV = − 550; MUV/MQV = − 700; MMV = 0 and MYV/MSUV = − 700;]

# Practice Problem 4

Particulars | Standard | Actual |
---|---|---|

Material quantity per unit (Kgs) | 2.00 | 2.20 |

Price per kg | 14.00 | 15.00 |

Actual production or output | 100 units |

**Solution**

MCV = − 500 ; MPV = − 220; MUV/MQV = − 280; MMV = 0 and MYV/MSUV = − 280;]

# Practice Problem 5

Standard Price of material | 5 per lb |

Standard Quantity | 10 lbs of material per unit of output |

Standard Production: | 100 units |

Actual Production: | 90 units |

Actual Material Used: | 1,180 lbs |

**Solution**

[MCV = – MPV = – MUV/MQV = − 1,400; MMV = 0 and MYV/MSUV = − 1,400; ]