Question

standard quatity of raw material required to produce 1 unit of x was 10 kg @6 per kg actual unit produce during that period was 500 units. actual quantity of material was 5500 kgs @ 5.5 Kg. calculate material cost, price and usage variance.?​

Answer 1

Answer:

Material cost, price and usage variance calculation​

Explanation:

The formula for this variance is:(standard quantity of material allowed for production – actual quantity used) × standard price per unit of material. (standard quantity of material allowed for production – actual quantity used) × standard price per unit of material.

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Answer 2

Answer:

The correct answer of this question is Material cost, price and usage variance calculation​.

Explanation:

Given - Standard quantity of raw material .

To Find -  calculate material cost, price and usage variance.?​

Material cost, price and usage variance calculation​ is the standard quantity of raw material required to produce 1 unit of x was 10 kg @6 per kg actual unit produce during that period was 500 units.

(Standard quantity of material authorized for production – actual quantity utilized) standard price per unit of material is the formula for this deviation. standard price per unit of material (standard quantity of material permitted for manufacturing – actual quantity used).

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