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Chapter 14 in a operational variance example 2. You have taken revised price of material to get material usage variance. But in a GTG guide they have taken standard price for material usage variance.So can you please tell me what is correct? revised or standard?
In a GTG(2011) section D5 question no.2.(if you want to check details)Sorry,I can not explain to whole question because It is too long.)
Thank you.I cannot comment on what GTG have done, because I do not have GTG books.
However, what I have done in my examples is correct.
Operational variances are always comparing what actually happened with the revised standard costs.
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The tutor is right!!
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