Following information is given : Materials purchased : 3,000 kgs. Value of materials purchased : ₹9,000 Standard quantity : 25 Kgs. for one finished unit Standard price : ₹2 per kg. Closing stock of materials : 500 kgs.
CS Executive · Cost and Management Accounting · PYQS · December 2016
Following information is given : Materials purchased : 3,000 kgs. Value of materials purchased : ₹9,000 Standard quantity : 25 Kgs. for one finished unit Standard price : ₹2 per kg. Closing stock of materials : 500 kgs. Finished goods produced : 80 units Material cost variance will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Cost Accounting
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