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QUESTION 2 For each case below, determine material price, materials usage and total materials variances. (a) Materials purchased (4,000kg) RM15,200 Budgeted production 800 units
QUESTION 2 For each case below, determine material price, materials usage and total materials variances. (a) Materials purchased (4,000kg) RM15,200 Budgeted production 800 units Actual production Standard cost of material Standard usage of materials (b) Standard cost per ton Standard usage Purchases Actual production Budget production (c) Standard usage Standard cost per kg Purchases Actual production Budget production Opening stock at standard cost Closing stock at standard cost 1,000 units RM3 per kg 5kg per unit RM10 2 tons per article 340 tons for RM3,900 165 articles 180 articles 1 kg per article RM3 1,250 kg for RM4,050 1,180 articles 1,230 articles RM210 RM435
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