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Standard costing vs variance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Standard costing vs variance

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • Author
    Posts
  • July 24, 2023 at 9:56 am #688795
    Davies@3
    Participant
    • Topics: 2
    • Replies: 0
    • ☆

    Good Day John

    I have a question

    Eg
    D.Material 2tonnes @k5 per tonne

    Actual production and sold 3000tonnes

    Actual results:
    D material bought and used 3400tonnes

    Required
    Calculate material usage variance

    I understand from the questions you did in the open tuition on variance where standard material usage was in kgs/unit
    and multiply units produced..to get the standard material usage in kgs..

    Your response will be highly appreciated sir

    July 24, 2023 at 3:14 pm #688810
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    You have posted this question twice for some reason. I have answered your other post.

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