Standard set for material consumption was 100 kgs. @ ₹2.25 per kg. In a cost period, opening stock was 100 kgs. @ ₹2.25 per kg.; purchases made 500 kgs. @ ₹2.15 per kg; and actual consumption 110 kgs. The material usage
CS Executive · Cost and Management Accounting · PYQS · December 2016
Standard set for material consumption was 100 kgs. @ ₹2.25 per kg. In a cost period, opening stock was 100 kgs. @ ₹2.25 per kg.; purchases made 500 kgs. @ ₹2.15 per kg; and actual consumption 110 kgs. The material usage variance will be —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Cost Accounting
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