Question
The company is produces product A The following information about standard costs is available: Wood 0.5 kg at $10 per kg Glass 0.25 kg at
The company is produces product A The following information about standard costs is available:
Wood 0.5 kg at $10 per kg
Glass 0.25 kg at $12 per kg
In July the company produced 300 products and purchased Wood 130 kg for USD 2,040 Glass 70 kg for USD 860 Using information calculate price and usage variances and provide possible causes of them.
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Financial Accounting An International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
