49. In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at ₹2 per kg. The actual quantity consumed was 12 kg and the actual price paid was ₹1.90 per kg. Calculate mate
CS Executive · Cost and Management Accounting · PYQS · June 2021
49. In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at ₹2 per kg. The actual quantity consumed was 12 kg and the actual price paid was ₹1.90 per kg. Calculate material usage variance.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Standard Costing
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