Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

Problem 2 The standard cost card shows the following details relating to material needed to produce 1Kg. of groundnut oil :- Quantity of groundnut required

Problem 2 The standard cost card shows the following details relating to material needed to produce 1Kg. of groundnut oil :- Quantity of groundnut required 3Kg. Price of groundnut OMR 2.50 per Kgs. Actual production data: Production during the month 1,000Kg. Quantity of material used 3,500Kg. Price of groundnut OMR 3 per Kg. Calculate: (a) Material Cost Variance (b) Material Price Variance and (c) Material Usage Variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Research Assistant: Collect, score, code, enter, and analyze data. Conduct literature searches and obtain source materials relevant to research studies. Contribute to the development and design of...

Answered: 1 week ago

Question

★★★★★

Explain how to determine the number of variables and constraints that would be in a transportation problem simply by knowing the number of sources and the number of destinations.

Answered: 1 week ago

Question

★★★★★

1S0CCM 1/IMSE 150 Computer Science home 314 More string operations Exploing furter Numerous adonoal functions exist strng! O tring rary Berry Allen

Answered: 1 week ago

Question

★★★★★

For which of the following can funds from a QSEHRA be used

Answered: 1 week ago

Question

★★★★★

This is a circuit design i made in TinkerCAD. I am trying to use the green LED with variable brightness as a function of the Ultrasonic sensor reading. The three Red LEDs are a warning indicator if...

Answered: 1 week ago

Question

★★★★★

Question 3 (10 points) Listen What is corporate personhood, and how does it relate to corporate social responsibility? Relate this to our discussion on Exxon Mobile (the largest Oil and Gas...

Answered: 1 week ago

Question

★★★★★

Problem 4. PREVIEW ONLY -- ANSWERS NOT RECORDED (2 points) Assume you are to select digits from the set {2, 3, 4, 5, 6, 7, 9} to form a number between 20 and 900. 60 (1) HOW MANY such numbers can be...

Answered: 1 week ago

Question

★★★★★

Problem 1: Consider the following Matrix A: A = [222] a) Find the Eigenvalues of A. Show all your work by hand b) Find the Eigenvectors of A. Show all your work by hand c) Normalize the Eigenvectors....

Answered: 1 week ago

Question

★★★★★

(1) You need to move an object having mass of 23 kg. In one case, you are pulling at an angle of 30. In another case, you are pushing it at the same angle. Frictional coefficient = 0.50. (a) Compute...

Answered: 1 week ago

Previous Question Next Question