In order to improve the general safety and health of their employees, Exxon china will keep 0 or minimum chemical material inventory. their key supplier of chemical materials is not far away from their factory. the following summarizes the quantity and price of chemical 1 purchased and used in the 2021 financial year for batteries sold in the year. there is no beg and end inventory. Compute the appropriate material (chemical 1) variances based on the below information

 

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purchase price RMB budget 5.89 kg actual 6.2 kg Quantity kg Actual quantity purchased 503000 actual quantity used Actual production 502500 100500000 units master budget production 95389000 units quantity required for each batch avg compressed paste inserted into each battery 500 10 gram purchase price RMB budget 5.89 kg actual 6.2 kg Quantity kg Actual quantity purchased 503000 actual quantity used Actual production 502500 100500000 units master budget production 95389000 units quantity required for each batch avg compressed paste inserted into each battery 500 10 gram

Answer rating: 100% (QA)

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