Question
19. The management of Abel Company set a standard on material XOX at a P25 per unit. Actual cost of this fluctuated during the period.
19. The management of Abel Company set a standard on material "XOX" at a P25 per unit. Actual cost of this fluctuated during the period. Of the 10,000 units purcahsed, 50% had a cost of P24.70 per unit, 20% were prucahsed at a price of P24.90 per unit and the remainder has a cost of P25.60 per unit. What is the materials purchase price variance:
20. Katsi Manufacturing Corporation uses 3 types of materials designated as K-08, L-09, and M-010 in producing product C. The standard costs per unit of the materials are:
K-008- P3
L-009- 4.50
M-010- 7
The actual cost of units purchased during May are as follows:
Materials Quantity Total Cost
K-008 3,000 10,500
L-009 7,500 33,750
M-010 4,500 30,600
What is the materials purchase price variance :
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