Question: Telgar plc uses a standard costing system, with its material inventory account being maintained at standard cost. The following details have been extracted from the

 Telgar plc uses a standard costing system, with its material inventory

Telgar plc uses a standard costing system, with its material inventory account being maintained at standard cost. The following details have been extracted from the standard cost card in respect of materials. 8kg@ 0.80/kg=6.40 per unit Budgeted production in April was 850 units. The following details relate to actual materials purchased and issued to production during April when actual production was 870 units. Materials purchased 8,200kg costing f6,888 Materials issued to production 7,150kg The material price variance for April was? The material usage variance for April was

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!