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(Solution Download) From the following information calculate

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(Material cost variance?Comprehensive)

 

From the following information calculate:

 

     

  1. Material cost variance
  2.  

  3. Material price variance and
  4.  

  5. Material usage variance
  6.  

 

Standard output 200 units

 

Standard material per unit 5 kgs

 

Standard price per kg Rs. 4

 

Actual output 180 units

 

Actual price per kg Rs. 5

 

Actual materials used 500 kgs.

 







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This question was answered on: Oct 24, 2017

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