Q. Company has a material standard of 1.1 kg. per unit of output. Each kg. has a standard price of Rs.25 per. Company paid Rs.1,18,800? for 5,100 kg. which they used to produce 4,900 units. What is the direct materials quantity variance? (Solved)
1. Rs.7,250 favourable
2. Rs.5,000 favourable
3. Rs.7,250 unfavourable
4. Rs.5,000 unfavourable
- a. Rs.7,250 favourable