Q. To produce Product A 2 kg of material X at Rs 10 per kg is required . During February 800 units of Product, A were produced. Actual price paid for material X is Rs 9 per kg and total cost Rs 15,300. Determine material cost variance. (Solved)
1. Rs 700 favorable
2. Rs 700 unfavorable
3. Inadequate data
4. None of the above
- a. Rs 700 favorable