Calculate the materials variances from the following data. (i) Material A: (ii) Material B: (iii) Material C:
Question:
Calculate the materials variances from the following data.
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(i) Material A: (ii) Material B: (iii) Material C: (iv) Material D: (v) Material E: Standard price per tonne Standard usage per unit Actual price per tonne Actual usage per unit Standard price per metre Standard usage per unit Actual price per metre Actual usage per unit Standard price per metre Standard usage per unit Actual price per metre Actual usage per unit Standard price per roll Standard usage per unit Actual price per roll Actual usage per unit Standard price per kilo Standard usage per unit Actual price per kilo Actual usage per unit £10 30 tonnes £9 35 tonnes £15 60 metres £16 54 metres £24 30 metres £28 38 metres £20 31 rolls £18 28 rolls £4 280 kg £5 310 kg
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To calculate the materials variances for each of the materials A B C D E and F we will use the following formulas Materials Price Variance Materials P...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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