From the following data calculate: (i) Material Cost Variance, (ii) Material Price Variance, (iii) Material Usage Variance.

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From the following data calculate:

(i) Material Cost Variance, (ii) Material Price Variance, (iii) Material Usage Variance.

Products SQ SP AQ Actual Price

(Units) (Rs.) (Units) (Rs.)

A 525 2.00 550 2.25 B 750 3.25 700 3.50 C 1,050 3.50 1,000 3.75

[Ans.: (i) MCV = Rs. 275 (Adv.) (ii) MPV = Rs. 562.50 (Adv.) (iii) MUV = Rs. 287.50 (FAV.)]

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Question Posted: Jul 20, 2024 02:04 AM

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From the following data calculate: (i) Material Cost Variance, (ii) Material Price Variance, (iii) Material Usage Variance.

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Zero To Mastery In Accounting Become A High Level Accounting Manager

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