COST ACCOUNTING
STANDARD COSTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In August actual material used amounted to 5, 650 kg, budgeted output was 1, 000 units and standard material usage was 5 kg per unit. Actual output was 1, 075 units. If the standard material cost of each product is RM25 the material usage variance will be:
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RM3, 250 (F)
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RM1, 375 (F)
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RM3, 250 (A)
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RM1, 375 (A)
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Explanation:
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