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Find and calculate the price variance or cost variance

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Reference no: EM132721449

Problem 1: For ABC co. standard material usage was 1 kg per unit produced at a cost of Rs. 10 per kg. They produced 200 units by using 120 kgs at a cost of Rs. 1,320. Calculate the price variance or cost variance.

A. Rs. 680 favourable

B. Rs. 120 unfavourable

C. Rs. 0

Reference no: EM132721449

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