QUESTION
Telcom 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.
@ per unit
Budgeted production in April was units.
The following details relate to actual materials purchased and issued to production during April when actual production was units.
Materials purchased costing
Materials issued to production
What are the material price and material usage price variances for April?
A adverse and adverse
B favourable and adverse
C adverse and adverse
D favourable and adverse
