For a factory, following information is given : 8,400 kgs. material @ ₹12.50 per kg. were actually consumed resulting in a price variance of ₹4,800 (A) and usage variance of ₹3,600 (F). The standard material cost of actu
CS Executive · Cost and Management Accounting · PYQS · December 2016
For a factory, following information is given : 8,400 kgs. material @ ₹12.50 per kg. were actually consumed resulting in a price variance of ₹4,800 (A) and usage variance of ₹3,600 (F). The standard material cost of actual production will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Cost Accounting
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