ABC Limited uses a standard costing system for all its products. ABC Limited produces shirts. Each...

Question

Question

ABC Limited uses a standard costing system for all its products. ABC Limited produces shirts. Each shirt uses a standard 3 me

business accounting

Answer 1

Answer #1

Direct Materials Total Variance =Standard Cost - Actual Cost =(5,500 Shirts *3 Metres* 5.50) - (5,500 Shirts*2.8 Metres*5.30)

Answer 2

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