If material mix variance is ₹500 (F) and material yield variance is ₹800 (A), the material usage variance is:
CS Executive · Cost and Management Accounting · PYQS · December 2014
If material mix variance is ₹500 (F) and material yield variance is ₹800 (A), the material usage variance is:
Answer & Explanation:
Correct Answer: Option (C)
Correct answer: (C) ₹300 (A). Usage variance = 500F − 800A = 300A.
Topics: Standard Costing
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