Answer the correct material usage variance from the information given below: The standard material cost for manufacturing

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Answer the correct material usage variance from the information given below:

The standard material cost for manufacturing 1000 units of an output is 400 kgs of material at Rs. 2.50 per kg. When 2000 units are produced, it is found that actual consumption was 825 kgs material at a price of Rs. 2.70 per kg.:

1) Rs. 67.50 Favourable
2) Rs. 67.50 Adverse
3)Rs. 62.50 Favourable
4) Rs. 62.50 Adverse

Related Book For answer-question

Management Accounting

ISBN: 9781760421144

7th Edition

Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton

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Posted Date: Mar 25, 2023 04:16 AM

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Answer the correct material usage variance from the information given below: The standard material cost for manufacturing

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Management Accounting

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