Question
A manufacturing concern which has adopted standard costing, furnished the following information: Actual: Output: 180,000 kg. Material used: 260,000 kg. Cost of material: SR 650,000
A manufacturing concern which has adopted standard costing, furnished the following information:
Actual:
Output: 180,000 kg.
Material used: 260,000 kg.
Cost of material: SR 650,000
Standard:
Materials for 60 kg finished products: 90 kg.
Price of Materials: SR 3 per kg.
Calculate material price variance, material usage variance and material cost variance.
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Supply Chain Management Accounting Managing Profitability Working Capital And Asset Utilization
Authors: Simon Templar
1st Edition
0749472995, 978-0749472993
