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Good Day John
I have a question
Eg
D.Material 2tonnes @k5 per tonneActual production and sold 3000tonnes
Actual results:
D material bought and used 3400tonnesRequired
Calculate material usage varianceI 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
Where did you find this question, because as you have typed it, it doesn’t really make much sense. Given that the first line suggests that this is the standard cost per unit, then you really need to know how many units were actually sold.
You have posted this in the Paper FA Forum – it is not examinable in Paper FA (but in Paper MA!)
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