From the following particulars, compute: - Material cost variance, Material price variance, and Material usage variance....
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From the following particulars, compute: - Material cost variance, Material price variance, and Material usage variance. Quantity of Material purchased Value of material purchased Standard quantity of Materials required per ton of output Standard rate of Material Opening stock of Material Closing stock of Material Output during the period 3000 units Rs. 9000 30 units Rs. 2.50 per unit Nil 500 Units 80 tons From the following particulars, compute: - Material cost variance, Material price variance, and Material usage variance. Quantity of Material purchased Value of material purchased Standard quantity of Materials required per ton of output Standard rate of Material Opening stock of Material Closing stock of Material Output during the period 3000 units Rs. 9000 30 units Rs. 2.50 per unit Nil 500 Units 80 tons
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Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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