You are presented with the following information for X Limited: Standard price per unit: 10. Standard quantity

Question:

You are presented with the following information for X Limited: 

Standard price per unit: £10.
Standard quantity for actual production: 5 units.
Actual price per unit: £12.
Actual quantity: 6 units. 


Required:

Calculate the following variances:

(a) Direct material total variance

(b) Direct material price variance

(c) Direct material usage variance.  

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Accounting For Non-Accounting Students

ISBN: 9781292128979

9th Edition

Authors: John R. Dyson, Ellie Franklin

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