The standard material required to manufacture one unit of Product-A is 5 Kgs. and the standard price per Kg. of material is ₹3. The cost accountant's records, however, reveal that 16,000 Kgs. of material costing ₹52,000
CS Executive · Cost and Management Accounting · PYQS · June 2016
The standard material required to manufacture one unit of Product-A is 5 Kgs. and the standard price per Kg. of material is ₹3. The cost accountant's records, however, reveal that 16,000 Kgs. of material costing ₹52,000 were used for producing 3,000 units of Product-A. Material price variance will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Standard Costing
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