Solution-Calculate materials cost variance

Calculate materials cost variance

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Question - A manufacturing concern furnishes the following information. The standard consumption for 70 kgs of output is 100 kgs of Raw Materials @ Rs 1/kg. The actual output was 210,000 kgs. 280,000 kgs of materials were used costing Rs 252,000. Calculate Materials Cost Variance, Materials Price Variance and Materials Usage Variance. What is your assessment of the results obtained?

Reference no: EM132824046

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Calculate materials cost variance

Reference no: EM132824046

Reference no: EM132824046

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