Question

The standard cost shows the following details relating to material needed to produce 1 kg groundnut oil:
Standard Quantity = 3,000 kg
Actual Quantity = 3.500 kg
Standard Price = Rs. 2.50 per kg
Actual Price = Rs. 3 per kg
On the basis of above information, what will be the Material Price variance?​

Answer 1

Explanation:

A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.

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