1.A quantity of a particular raw material was purchased for P43,250. The standard cost of the material...
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1.A quantity of a particular raw material was purchased for P43,250. The standard cost of the material was P2/kg and there was an unfavorable materials price variance of P3,250. How many kilograms were purchased?
2.Standards established for a particular raw material used by Troop Company are as follows: Standard quantity per unit of output - 1kg.; Standard price is P16.60 / kg. Data pertaining to last month's are: Actual materials purchased - 2,200 kg; Actual purchases cost - P34,650. Actual materials used - 1,900 kg.; Actual output - 2,100 units. The materials quantity variance for the month must be?
Related Book For
Introduction to Managerial Accounting
ISBN: 978-1259105708
5th Canadian edition
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
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