Question
Porter Limited uses a standard costing system. Last month 75,000 kilograms of direct material were purchased and 71,000 kilograms were used. If the actual purchase
Porter Limited uses a standard costing system. Last month 75,000 kilograms of direct material
were purchased and 71,000 kilograms were used.
If the actual purchase price per kilogram was Rs. 0.50 more than the standard purchase price per
kilogram, then the materials price variance was:
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Management A Practical Introduction
Authors: Angelo Kinicki, Brian Williams
6th Edition
0078029546, 978-0078029547
