A companys Budget shows a total Material Usage requirement of 5,000 kg with a total cost of
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Question:
A company’s Budget shows a total Material Usage requirement of 5,000 kg with a total cost of Rs. 25,000 and as per the Budget, the company plans to produce 1,250 units using the material. At the end of the quarter, the company actually produced 1,400 units using 7,000 kg of material with a material cost of Rs. 5.5 per kg. What is the Direct Material Usage Variance?
b. A Company had no beginning work in process. During the period, 5,000 units were completed, and there were 500 units of ending work in process. How many units were started in production?
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