Section B question 2A What is the materials Pirce Variance.
Actual Cost $108,000
Standard Cost of 24000m x $5 =$120,000
Variance is $12,000 favorable. Why is this incorrect? It indicates the answer should be $12,000 adverse.
Thanks!
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12y ago#1You are correct - it should be favourable.
Sorry :-(
I will have it corrected.
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