A manufacturing concern furnishes the following information. The standard consumption for 70 kgs of output is 100
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A manufacturing concern furnishes the following information. The standard consumption for 70 kgs of output is 100 kgs of Raw Materials @ Rs 1/kg. The actual output was 210,000 kgs. 280,000 kgs of materials were used costing Rs 252,000. Calculate Materials Cost Variance, Materials Price Variance and Materials Usage Variance. What is your assessment of the results obtained?
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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