* You are presented with the following information for X Limited: Standard price per unit: 10. Standard...
Question:
* You are presented with the following information for X Limited:
Standard price per unit: £10.
Standard quantity for actual production: 5 units.
Actual price per unit: £12.
Actual quantity: 6 units.
Required:
Calculate the following variances:
1 direct material total variance;
2 direct material price variance; and 3 direct material usage variance.
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