Question
Q 2 a) The actual materials price (AP) was $3.50, the actual quantity (AQ) of material was 5,100 units, and the materials price variance (PV)
Q 2 a) The actual materials price (AP) was $3.50, the actual quantity (AQ) of material was 5,100 units, and the materials price variance (PV) was $1,275 unfavorable. The standard materials price (SP) is? (MARKS 4) b) Leland Manufacturing produced 3,700 units of finished product, using 15,000 pounds of raw material. Sixteen thousand pounds were purchased for $158,400. The material standards for the product are 4 pounds at $10 per pound. What was the materials price variance (PV)? (MARKS 4) c) i) Distinguish between a favorable variance and an unfavorable variance. (MARKS 2) ii) What is the key difference between a static budget and a flexible budget?
please solved clearly and write clear because I was posted other question hand written was no clear
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