Homework Answers
Answer
- Correct Answer = Option #2: $ 500 Favourable
|
Material Price Variance |
||||||
|
( |
Standard Rate |
- |
Actual Rate = $ 16500 / 5000 |
) |
x |
Actual Quantity |
|
( |
$ 3.40 |
- |
$ 3.30 |
) |
x |
5000 |
|
500 |
||||||
|
Variance |
$ 500.00 |
Favourable-F |
||||
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