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as follows: . The standard cost of material for manufacturing a unit of a particular product PEE is estimated 16 kgs. of raw material
as follows: . The standard cost of material for manufacturing a unit of a particular product PEE is estimated 16 kgs. of raw material @Re. 1 per kg. On completion of the unit, it was found that 20 kg. of raw material costing Rs. 1.50 per kg. has been consumed. Compute material variances (price, usage and cost).
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
