Material Usage Variance=Material Mix Variance +…………..

Related MCQs

• Material mix variance = standard cost of standard mix - ………………..
• Material Price Variance = Actual Usage (……………)
• Material usage variance = standard price(……………….)
• PP Ltd is preparing the production and material purchase budgets for one of their products, The SUPERX for the forthcoming year. The following information is available: Sales demand (units) 30000 Material usage per unit 7 kgs Estimated opening inventory 3500 units Required closing inventory 35% higher than opening inventory How many units of the SUPERX will need to be produced?
• A company has the following budget for the six month: Finished product Materials Sales - 7,000 units Usage per unit - 3 kg Production units - 7200 units Opening stock - 400 kg Closing stock - 500 kg What is the material purchase budget for the month?
• An unfavourable material usage arises because of:
• Material price variance is the difference between standard and actual prices of materials used multiplied by………………..
• Total Material cost variance =
• An unfavourable material price variance occurs because of:
• Annual usage, ₹ 1,20,000.00, cost of placing ₹ 60.00 & annual carrying cost is 10% of the inventory value. The EOQ will be:-