The standard material required manufacturing one unit of product P is 5 Kg and the price per
Fantastic news! We've Found the answer you've been seeking!
Question:
The standard material required manufacturing one unit of product P is 5 Kg and the price per Kg of material is RO 3.00. The cost accounts record however, reveal that 16,000 Kgs of material costing RO. 52,000 were used for producing 3,000 units of product. Calculate the material variances.
Related Book For
Management And Cost Accounting
ISBN: 9781292436029
8th Edition
Authors: Alnoor Bhimani, Srikant Datar, Charles Horngren, Madhav Rajan
Posted Date: