I need the answer as soon as possible The standard material cost for a normal mix of one tonne of chemical Xing basedon:ChemicalUsagePrice per Kg.A240 Kg.9.12400 Kg.C640 Kg.10During a month, 6.25 tonnes of X vwere produced from:ChemicalConsumption (Tonnes) Cost ()A1.611,2002.430,000В4.547,250CRequiredAnalyse the variances

When the actual cost differs from the budgeted cost, we calculate the variances to find out the…

Answered: Analyse the variances

Business

Accounting

Analyse the variances

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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Question

I need the answer as soon as possible

The standard material cost for a normal mix of one tonne of chemical Xing based
on:
Chemical
Usage
Price per Kg.
A
240 Kg.
9.
12
400 Kg.
C
640 Kg.
10
During a month, 6.25 tonnes of X vwere produced from:
Chemical
Consumption (Tonnes) Cost ()
A
1.6
11,200
2.4
30,000
В
4.5
47,250
C
Required
Analyse the variances

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