Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is available for a parti

The following information is available for a particular product : \table[[Standard output,1000 units],[Standard quantity,5...

60.1K

Verified Solution

Question

Accounting

The following information is available for a particular product :
\table[[Standard output,1000 units],[Standard quantity,5 Kgs. Per unit],[Standard rate,Rs.3 per Kg.],[Actual output,900 units],[Actual quantity used,5000 Kgs.],[Actual rate paid,Rs.5 per unit]]
Compute the material cost variance and material price variance
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Are these functions inverses A 177 No 7 I need more information

Calculus
Q

Phosphoric acid is a triprotic acid (Ka1=6.9×10−3Ka1=6.9×10−3, Ka2=6.2×10−8Ka2=6.2×10−8, and Ka3=4.8×10−13Ka3=4.8×10−13). To find the pH of a buffer...

Chemistry
Q

MGMT-6088 Employee Relations Health and Safety Case Study Paper (10%) – Summary Paper Over the last four weeks (weeks...

General Management
Q

0512-32. Josh bought 800 plastic whistles to give away to the kids at a street...

Basic Math
Q

A card is picked from a standard deck of 52 cards. Determine the odds against...

Basic Math
Q

Use the inverse of the matrix in Exercise 5 to solve he system VIEW 2y...

Algebra
Q

Find the equation (in slope-intercept form) of the line with the given slope that passes...

Algebra
Q

10 11 24 12 14 15 16 17 18 19 20 21 22 23 Moving...

Accounting
Q

The total cost for company X to produce a batch of tools is $10,000 plus...

Accounting
Q

Some firms finance their permanent working capital with short-term liabilities (commercial paper and short-term notes)....

Accounting
Q

For each objective, provide at least four policies to achieve the objective. Make sure the...

Finance
Q

Please show the steps for question C(Asian Option Price Tree) Build a two-step...

Finance