Elder furnishes the following information for the year. Standard: Material for 70 kgs finished products =100 kg Price of the material=1 per kg Actual: Output =210,000 kg Material used=280,000 kg Cost of material=252,500 Find material usage, price and cost variances.

Elder furnishes the following information for the year. Standard: Material for 70 kgs finished products =100 kg Price of the material=1 per kg Actual: Output =210,000 kg Material used=280,000 kg Cost of material=252,500 Find material usage, price and cost variances.

Name: Elder furnishes the following information for the year:Standard: Mate
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Description: Elder furnishes the following information for the year:Standard: Material for 70 kgs finished products =100 kgPrice of the material=1 per kgActual: Output =210,000 kgMaterial used=280,000 kgCost of material=252,500Find material usage, price and cost

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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