Question

A company sets a standard cost of ₹50 per unit. Actual cost was ₹55 per unit for 1,000 units. The material price variance was ₹3,000 (

  • A and usage variance ₹2,000 (
  • A . What is the total material cost variance?
A ₹3,000 (A)
B ₹5,000 (A)
C ₹1,000 (F)
D ₹2,000 (F)
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