Standard Quantity allowed = 3100*0.53 = 1643 |
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Srandard cost allowed = 1643*8 = 13,144 |
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Materials spending variance = 13,144 - 14,136 = 992 U |
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Materials Price Variance = (SP-AP) *AQ = (8 - 14136/1860)*1860 = 744 F Materials Quantity Variance = (SQ-AQ) *SP = (1643 - 1860) *8 = 1736 U |
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet...
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