The following information is given : Standard quantity : 1200 kg. for output of 1080 kg. Standard price : ₹20 per kg. Material purchased : 1250 kg. at ₹26,250 Opening and closing stock of material : 200 kg. and 350 kg. A
CS Executive · Cost and Management Accounting · PYQS · December 2021
The following information is given : Standard quantity : 1200 kg. for output of 1080 kg. Standard price : ₹20 per kg. Material purchased : 1250 kg. at ₹26,250 Opening and closing stock of material : 200 kg. and 350 kg. Actual output : 1026 kg. The material cost variance will be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Variance Analysis
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