Q. In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at Rs. 2 per kg. The actual quantity consumed was 12 kg and the actual price paid was Rs 1.90 per kg. Determine material usage variance. (Solved)
1. Rs 4 favorable
2. Rs 4 unfavorable
3. Rs 2.80 unfavorable
4. Rs 1.20 favorable
- b. Rs 4 unfavorable