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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. |
A. | Rs 4 favorable |
B. | Rs 4 unfavorable |
C. | Rs 2.80 unfavorable |
D. | Rs 1.20 favorable |
Answer» B. Rs 4 unfavorable |
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