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View Full Version : Material variances formula with answer?


reggy005
Oct 17, 2012, 05:45 AM
the standard material required to manufacture one unit of product x is 10 kg.
accounting records,however shows that 11,500 kg of materials costing $ 27,600 were used for manufacturing 1,000 units of product x calculate the material variances.

paraclete
Oct 17, 2012, 06:01 PM
Insufficient information you haven't provided data sufficient to calculate more than one variance; a usage variance, other variance are price, and volume