Question

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US: 2
45:
B. Numerical MCQs / Short Practical Problems / Case Studies
38. Actual units of direct materials used were 20,000 at an actual cost of 40.000. Standard unit
cost is 2.10. Assuming the materials price variance is recognized when the materials are used.
the materials price variance (MPV) is:
(a) 1,000 favourable
(b) 1,000 unfavourable
(c) 2,000 favourable
(d) 2,000 unfavourable​

Answer 1

Answer:

option c will be the correct answer