Eric Limited provides the following data for the month of March: Particulars Standard Actual Production 84000 units 80,000 Units Standard raw-material consumption per unit Total Raw material Consumption Cost of Raw Material per kg 3 Kg 252000 kg 250,000 kg $5 $5.10 Total Raw material Cost $1260,000 $12,75000 Compute raw material cost variance, Price variance and Material usage variance.

Eric Limited provides the following data for the month of March: Particulars Standard Actual Production 84000 units 80,000 Units Standard raw-material consumption per unit Total Raw material Consumption Cost of Raw Material per kg 3 Kg 252000 kg 250,000 kg $5 $5.10 Total Raw material Cost $1260,000 $12,75000 Compute raw material cost variance, Price variance and Material usage variance.

Name: Eric Limited provides the following data for the month of March:Parti
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Description: Eric Limited provides the following data for the month of March:ParticularsStandardActualProduction84000 units80,000 UnitsStandard raw-material consumption per unitTotal Raw material ConsumptionCost of Raw Material per kg3 Kg252000 kg250,000 kg$5.10

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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A5
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