Question

Material cost variances are analyzed to understand the reasons for differences between actual and standard costs. The material cost variance is the total variance. Given, material cost variance is Rs. 9,400 (favorable) and material usage variance is Rs. 8,200 (adverse), then material price variance (MP

  • V is
A Rs. 5,600 (favorable)
B Rs. 5,600 (adverse)
C Rs. 6,400 (favorable)
D Rs. 17,600 (favorable)
E None of the these
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