Using the following data, calculate the direct materials price variance and suggest possible reasons for the variance:

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Standard price is £4 per kg Standard usage is 5 kgs per unit Actual price is £3 per kg Actual usage is 5 kg per unit

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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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Using the following data, calculate the direct materials price variance and suggest possible reasons for the variance:

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Management Accounting

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