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Practice questions:

A manufacturing company has set a standard price for materials of £100 per kilo and anticipates that it will make 4 units from 1 kilo of materials. The actual production is 200 units and 52 kilos of materials are used at a price of £98 per kilo.

Calculate all the material variances and discuss the possible reasons for them.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91957953

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