Question
From the following information calculate (i) material cost variance (ii) material price variance (iii) Material Usage variance Standard output 100 units Standard Material per unit
From the following information calculate (i) material cost variance (ii) material price variance (iii) Material Usage variance
Standard output 100 units
Standard Material per unit 3 Ibs
Standard price per Ib. Rs. 2
Actual output 80 units
Actual price Rs. 5.50
Actual materials used 250lbs
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Auditing And Other Assurance Services
Authors: Alvin Arens, James Loebbecke, W Lemon, Ingrid Splettstoesser
9th Canadian Edition
0130091243, 978-0130091246
