Question
COSSAC Inc., use standard cost system to account for its only product. The materials standard per unit was 4 kilos at 5.10 kilo production data
COSSAC Inc., use standard cost system to account for its only product. The materials standard per unit was 4 kilos at 5.10 kilo production data for April were as follows:
Materials
Used. 7800 kilos
Cost of materials used 40 950
Number of finished units
Produced. 2000
1. What is the materials quantity variance for april?
2. Compute for the price variance?
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
