Question
Gumbo was added to ABC Companys product line a year ago. Standard and actual materials usage and costs are as follows: Standard: Actual: (500 units)
Gumbo was added to ABC Companys product line a year ago. Standard and actual materials usage and costs are as follows:
Standard: Actual: (500 units)
Price $3.75/kg $8,200
Quantity 2.5 kg/unit 1,800 kg
The materials price variance for Gumbo is:
Answer
a. $5,500 favourable
b. $1,450 favourable
c. $5,500 unfavourable
d. $1,450 unfavourable
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Between The Lines Of The Balance Sheet The Plain Mans Guide To Published Accounts
Authors: Michael Greener
2nd Edition
0080240712, 9780080240718
