Accountancy, asked by Adithyasksksks927, 1 year ago

Why use normal costing instead of actual costing?

Answers

Answered by amritanshu6
0
If the actual price per unit of direct materials is more than the standard cost per unit, the difference will be entered as a debit into the account Direct Materials Price Variance. If the actual price per unit of direct materials is less than the standard cost per unit, the difference will be entered as a creditinto the price variance account.
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