238
Management Accounting
NPP
3.6. Calculate (i) Material Cost Variance (i) Material Price Variance (iii) Material Usage Variance
from the following information:
Units Produced
2000
Raw Material Purchased
12,000 kg. for 30,000
Closing Stock of Raw Material
1000 kg
Standard Quantity Per unit 5 kg.
Standand Price 2
(Ans. (i) 7,500 (U) (ii) 5,500 (U) (iii) 2,000(U)
5kg
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