Ram Casting furnished following information for production of 4,800 units: Standard materials : 10 Kgs. per unit @ ₹10 per Kg. Actual material used : 50,000 Kgs. costing ₹5,25,000 Material cost variance will be —
CS Executive · Cost and Management Accounting · PYQS · December 2016
Ram Casting furnished following information for production of 4,800 units: Standard materials : 10 Kgs. per unit @ ₹10 per Kg. Actual material used : 50,000 Kgs. costing ₹5,25,000 Material cost variance will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Cost Accounting
Related Questions in this Topic
- Which of the following is not included in cost accounts ?
- Besides the management, __________ and __________ are also benefitted in many ways by installing a good cost accounting ...
- Which of the following items is not included in Cost Accounts ?
- Cost Accounting is mostly __________ in its approach.
- Statement I: Although the Law of supply and demand to a great extent determine the price of an article, cost to the prod...