The following information is given : Materials purchased 3,000 kg. Value of materials purchased ₹9,000 Standard quantity 25 kg. for one kg. finished goods Standard price ₹2 per kg. Closing stock of materials 500 kg. Fini
CS Executive · Cost and Management Accounting · PYQS · June 2017
The following information is given : Materials purchased 3,000 kg. Value of materials purchased ₹9,000 Standard quantity 25 kg. for one kg. finished goods Standard price ₹2 per kg. Closing stock of materials 500 kg. Finished goods produced 80 kg. Material usage variance will be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Standard Costing
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