Question
If the budgeted production units were 500 and the
budgeted material required was 1000. Actual material used up is 800 units for the output of 350 units. Here the Material usage variance is:Solution
General Model of Variance Analysis 
Analysis conclusion: [if !supportLists]-->· [endif]-->if the actual costs > Standard Costs , the variances will be Adverse/unfavorable
Who is referred to as the 'Father of Angioplasty' in India?
What was the total liquidity surplus in India’s banking system as of July 4, 2025?
Kalpana Chawla Centre for Research in Space Science & Technology has been inaugurated in which university?
What was the theme for World Intellectual Property Day celebrated on April 26, 2024?
Under which act is the Pharmacy Council of India (PCI) constituted?
Geojit Financial Services has entered into an agreement with which bank to offer a special 3-in-1 bundled account to the bank’s customers?
What is the significance of the newly inaugurated Pamban Bridge in Tamil Nadu?
How many new districts have been created in the Union Territory of Ladakh by the Central Government?
Which private sector bank announced the launch of a new range of co-branded credit cards with Retailio?
What is the key goal of the Solar Village Scheme launched by Maharashtra Chief Minister Eknath Shinde?
