Question
Cultco Company Ltd has set the following direct material standards per unit of product: 2.5 kg @ $3.00 per kg; $7.50 per unit. During April,
Cultco Company Ltd has set the following direct material standards per unit of product: 2.5
kg @ $3.00 per kg; $7.50 per unit. During April, actual direct material purchased and used
amounted to 8000 kg at a cost of $3.10 per kg. Actual production amounted to 3000 units.
Determine the total material variance.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
