Overview of Cost & Mgmt A/C
Quick practice
Question 1 of 5
The standard and actual figures of product ‘Z’ are as under:
Standard Actual
Material quantity 50 units 45 units
Material price per unit Rs. 1.00 Rs. 0.80
Calculate material cost variance.
A
20(F)
B
None of these
C
14(F)
D
10(F)
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