Telcom plc uses a standard costing system, with its material inventory account being maintained at standard cost. The following details have been extracted from the standard cost card in respect of materials. 8 kg @ £0.80/kg = £6.40 per unit Budgeted production in April was 850 units. The following details relate to actual materials purchased and issued to production during April when actual production was 870 units. Materials purchased Materials issued to production 8,200 kg costing £6,888 7,150 kg What are the material price and material usage price variances for April? OA£328 adverse and £152 adverse B. £348 favourable and £163 adverse OC£259 adverse and £128 adverse OD. £298 favourable and £136 adverse

Telcom plc uses a standard costing system, with its material inventory account being maintained at standard cost. The following details have been extracted from the standard cost card in respect of materials. 8 kg @ £0.80/kg = £6.40 per unit Budgeted production in April was 850 units. The following details relate to actual materials purchased and issued to production during April when actual production was 870 units. Materials purchased Materials issued to production 8,200 kg costing £6,888 7,150 kg What are the material price and material usage price variances for April? OA£328 adverse and £152 adverse B. £348 favourable and £163 adverse OC£259 adverse and £128 adverse OD. £298 favourable and £136 adverse

Name: Telcom plc uses a standard costing system, with its material inventor
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Description: Telcom plc uses a standard costing system, with its material inventory account being maintained at standard cost. Thefollowing details have been extracted from the standard cost card in respect of materials.8 kg @ £0.80/kg = £6.40 per unitBudgeted p

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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