Question
Determine Material Quantity Variance from the following information: Standard Quantity 120 Kg Standard Price $5/kg Actual Quantity 100 Kg Actual Price $ 4.5/kg $ 150
Determine Material Quantity Variance from the following information:
Standard Quantity
120 Kg
Standard Price
$5/kg
Actual Quantity
100 Kg
Actual Price
$ 4.5/kg
$ 150 Favourable
$ 100 Unfavourable
$ 100 Favourable
$ 200 Unfavourable
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
