Management Accounting Test Questions
Q. A standard cost card reveals that one unit of Product A needs 2 kg of material X at Rs 10 per kg. During February 800 units of Product A were produced. Actual price paid for material X is Rs 9 per kg and total cost Rs 15,300. Determine material cost variance.
a. Rs 700 favorable
b. Rs 700 unfavorable
c. Inadequate data
d. None of the above
No explanation is available for this question!