5 units of Product P requires Material A 3 kg at a cost $10=$30 MaterialB 2 kg at a cost $15= $30 Actual production for the month was 100 units which used 120 kg material in total costing $15000. There was no price variance. Calculate the material mix variance

5 units of Product P requires Material A 3 kg at a cost $10=$30 MaterialB 2 kg at a cost $15= $30 Actual production for the month was 100 units which used 120 kg material in total costing $15000. There was no price variance. Calculate the material mix variance

Name: 5 units of Product P requiresMaterial A 3 kg at a cost $10=$30Material
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Description: 5 units of Product P requiresMaterial A 3 kg at a cost $10=$30MaterialB 2 kg at a cost $15= $30Actual production for the month was 100 units which used 120 kg material in total costing $15000.There was no price variance.Calculate the material mix var

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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