Question
A company sets a standard cost of ₹50 per unit. Actual
cost was ₹55 per unit for 1,000 units. The material price variance was ₹3,000 (A) and usage variance ₹2,000 (A). What is the total material cost variance?Solution
Total Material Cost Variance = Price Variance + Usage Variance = ₹3,000 (A) + ₹2,000 (A) = ₹5,000 (A).
Compound interest on a certain sum of money for 2 years is Rs.2280 while the simple interest on the same sum for the same time period is Rs.2000. Find t...
Ankit and Bhupesh invested a certain amount for 5 months and 7 months respectively. The ratio of the profits earned by Ankit to t...
A man invests (10,000 + 100x) rupees at 8% p.a. simple interest for 2 years, and (5,000 + 50x) rupees at 6% p.a. simple interest for 3 years. If the tot...
Suresh earned an interest of Rs. 1548 on principal amount of Rs. 4800 at some rate of compound interest in 2 years. How much more/less interest would he...
- Anjali puts Rs. 'a' in plan A and Rs. (a + 300) in plan B, both for 5 years. Plan A gives 9% and plan B offers 6% simple interest. The total interest she e...
A sum of ₹12,000 is invested for 3 years at a certain rate of simple interest. If the same sum was invested at the same rate for 2 years under compoun...
If the difference between C.I. and S.I. is Rs. 512 at 20% rate of interest in 3 years, then find the principal on C.I.?
Rs. (n + 150) invested on simple interest amounts to Rs. 1,950 and Rs. 2,250 in 3 years and 5 years, respectively. Find the value of 'n'.
What sum of money will become Rs.1352 in 2 years at 4 percent per annum compound interest?
The difference between the simple and compound interest compounded annually of a sum at 12% p.a. for 2 years is Rs. 180. Find the sum.
