The standard cost of raw materials issued for production was 150000
Usage variant 10000 favourable
Price VARIANCE was 30000 adverse
Increase in raw material inventories was 10000
What was the actual spent on raw materials
CIMA Forums
VARIANCE
Hi Anushka - Ive just answered this on the previous thread - im afraid we cant supply direct answers ( thats not the point of this forum)
You need to post the answer & tell me which bit you dont follow or need to query & I can talk you through it.
Presumably you have an answer in your textbook/ exam kit .... if so let me know.
Thanks
Cath
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