The following information relates to Malcolm Limited: Budgeted production: 100 units. Unit specification (direct materials): 50 kilograms

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The following information relates to Malcolm Limited:

Budgeted production: 100 units.

Unit specification (direct materials): 50 kilograms × £5 per kilogram = £250.

Actual production: 120 units.

Direct materials used: 5400 kilograms at a total cost of £32,400.

Required:

Calculate the following variances:

(a) Direct material total

(b) Direct material price

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Accounting for Non-Accounting Students

ISBN: 978-0273722977

8th Edition

Authors: John R. Dyson

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Question Posted: Aug 06, 2012 03:17 AM

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The following information relates to Malcolm Limited: Budgeted production: 100 units. Unit specification (direct materials): 50 kilograms

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