Calculate the variation of the standard cost of materials

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For the production of 20 finished units, 61 meters of material A were used. The purchase invoice showed a price of $ 14,850 / mt.

Question 1: Calculate the variation of the standard cost of materials, if the standard specification sheet showed the following information per finished unit:

Materials Quantity Total Value
Material A 3 mt / Unit $ 15,000 / mt $ 45,000 / Unit

For the production of 20 finished units, 61 meters of material A were used. The purchase invoice showed a price of $ 14,850 / mt.

Reference no: EM132583018

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