From the following information furnished by tesco, Ask an Expert

Accounting

From the following information furnished by Tesco Industries for the month of December, 2009 you are required to compute:

Material Cost Variance
Material Price Variance
Material Usage Variance

If the Standard Cost of Material for a batch of 500 units. Material 200 Tonnes @ $ 40 per Ton. Actual Cost of Material for actual output of 25000 units Material 9860 Tonnes @ $ 38.50 per Tonne.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9964950

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