Calculate Material Variances from the following data: Standard Actual Materials Qty. Price Qty. Price (kg) (Rs.) (kg)
Question:
Calculate Material Variances from the following data:
Standard Actual Materials Qty. Price Qty. Price
(kg) (Rs.) (kg) (Rs.)
A 10 8 10 7 B 8 6 9 7 C 4 12 5 11 22 24 Loss 2 Loss 3 Standard Yield 20 Actual Yield = 21
[Ans.: MCV = Rs. 3.20 (Adv); MPV = Rs. 6.00 (Fav.); MUV = Rs. 9.20 (Adv);
MMV = Rs. 2.00 (Adv.); MYV = Rs. 7.20 (Adv.)]
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Zero To Mastery In Accounting Become A High Level Accounting Manager
ISBN: 9789392475177
1st Edition
Authors: HECTOR ROBINETT
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