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Sir,
(In the context of material usage variance:operational)(R.SQ-A.SQ)
What would be the price to be multiplied with?
Revised standard price or
actual priceSorry if it’s a silly doubt
The current examiner prefers that you use the original standard cost.
(Some people prefer using the revised standard cost and there is an argument for either. It gives a different answer but the examiner accepts either. I explain this in my free lectures and my lectures do it the way that the current examiner prefers, which is the easiest and quickest way as well 🙂 )
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