ABC Pvt Ltd is a manufacturer of premium quality wrist watches. For manufacturing wrist watches, the company uses different kinds of raw materials,labourers and machines. In 2019, the company sets various standards related to the material cost used in manufacturing. In 2020, actual results related to the material cost were noted. However, while comparing standard results with actual results, differences were found within the two.
Q1 Describe the various material cost variances which the company should calculate in this scenario
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ਮੈਨੂੰ ਇਹ ਭਾਸ਼ਾ ਸਮਝ ਨਹੀ ਆਉਦੀ ਹੈ
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