Question
Standard material for 1 unit = 4 kg at ₹50/kg. For
actual production of 1,200 units, actual material used was 4,800 kg costing ₹2,40,000. Calculate Material Cost Variance (MCV), Price Variance (MPV), and Usage Variance (MUV).Solution
• Std cost for actual output = 1,200×4×₹50 = ₹2,40,000. • Actual cost = ₹2,40,000 → MCV = 0, MPV = 0, MUV = 0 (perfect match).
A person who collects and studies stamps.
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The moment he fo...
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Fidelity
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INQUISITIVE
...In each of the following questions, three out of four words given have the same meaning. Mark the number as your answer which is different in ...
In each of the following questions, three out of four words given have the same meaning. Mark the number as your answer which is different in ...
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