Calculate the direct materials usage variance from the following data and suggest possible reasons for the variance:

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Standard price is £50 per tonne Standard usage is 1,000 tonnes Actual price is £50 per tonne Actual usage is 995 tonnes

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Management Accounting

ISBN: 9781137335890

1st Edition

Authors: Jill Collis

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Question Posted: Jun 28, 2024 10:02 AM

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Calculate the direct materials usage variance from the following data and suggest possible reasons for the variance:

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Management Accounting

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