The standard quantity and standard price of raw material required for one unit of product a are
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Question:
The standard quantity and standard price of raw material required for one unit of product a are given as follows
quantity (kg.) s.p. (ksh`)
material x material y
2 4
3 2
the actual production and relevant data are as follows: material x 1,100 kgs. @ ksh3,410 material y 1,800 kgs. @ `ksh3,960 calculate all material variances for each material. actual production was 500 units.
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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