Question
The following standards for direct materials have been set to manufacture ten units of a product: 160 Kgs of A at RO 10 per Kg
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The following standards for direct materials have been set to manufacture ten units of a product: 160 Kgs of A at RO 10 per Kg 80 Kgs of B at RO 12 per Kg 60 Kgs of C at RO 8 per Kg The company manufactured and sold 300 units of the product during the year. Direct material costs were as follows : 4900 Kgs of A at RO 9.5 per Kg 2150 Kgs of B at RO 13.5 per Kg 1650 Kgs of C at RO 7 per Kg
The following standards for direct materials have been set to manufacture ten units of a product: 160 Kgs of A at RO 10 per Kg 80 Kgs of B at RO 12 per Kg 60 Kgs of C at RO 8 per Kg The company manufactured and sold 300 units of the product during the year. Direct material costs were as follows : 4900 Kgs of A at RO 9.5 per Kg 2150 Kgs of B at RO 13.5 per Kg 1650 Kgs of C at RO 7 per Kg
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The Material Mix Variance of C is Select one: a. 500(A) b. 500(F) c. 720(A) d. 720(F
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The Material Price Variance of B is Select one: a. 3225(F) b. 3500(A) c. 3500(F) d. 3225(A)
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The Material Price Variance of C is Select one: a. 1650(F) b. 1650(A) c. 1500(A) d. 1500(F)
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The Material Usage Variance of A is Select one: a. 1000(A) b. 1000(F) c. 1450(A) d. 1450(F)
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The material Cost variance of C is Select one: a. 2500(A) b. 2850(A) c. 2500(F) d. 2850(F)
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Accounting Information Systems And Internal Control
Authors: Eddy Vaassen, Roger Meuwissen, Caren Schelleman
2nd Edition
0470753951, 9780470753958
