It was budgeted that to produce 20,000 concrete building blocks in one month would require (100,000 mathrm{~kg})
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It was budgeted that to produce 20,000 concrete building blocks in one month would require \(100,000 \mathrm{~kg}\) of material. In the month of May, only 16,000 blocks were produced, using \(80,080 \mathrm{~kg}\) of material. The standard cost of materials is \(£ 3\) per \(\mathrm{kg}\). What is the materials usage variance?
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Financial And Management Accounting An Introduction
ISBN: 9780273789215
6th Edition
Authors: Prof Pauline Weetman
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