Question 2 The standard material costs of finished product PEP are as follows: 2 kg raw material
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Question 2 The standard material costs of finished product PEP are as follows: 2 kg raw material A @ R10 per kg Actual information: Purchase of raw material A 2 000 kg @ R9.50 per kg Issue of raw material A 1 200 kg Units of product PEP manufactured 280 units
Required Calculate the following in respect of material A
(a) Purchase price variance (3)
(b) Issue price variance
(c) Quantity variance
(d) Total variance.
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