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1. ABC PLC manufactured 10,000 bags of cement during the month of January. Following details on raw materials purchased and consumed during the period
1. ABC PLC manufactured 10,000 bags of cement during the month of January. Following details on raw materials purchased and consumed during the period given bellow: Material Quantity Used SU per bag Actual Price Standard Price Limestone 100 tons 11 KG Rs. 75/ton Rs.70/ton Sand 250 tons 26 KG Rs. 10/ton Rs.14/ton Calculate; i. Material price variance ii. Material Usage Variance 111. Material Total Variance SU: Standard Usage
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
