The following information was provided for the month of January Standard direct material cost per unit of product X – Rs.130 Per 1kg @ 2kg – Rs. 260 Actual Production for the month of January – 48,000 units Actual Material purchased – 100,000kg @Rs.120 Calculate the variances (a) DM Price Variance (b) DM Usage Variance (c) DM Cost Variance DM Cost Variance
