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    reggy005's Avatar
    reggy005 Posts: 1, Reputation: 1
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    #1

    Oct 17, 2012, 05:45 AM
    material variances formula with answer?
    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    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
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