Solution-What is the material efficiency variance

What is the material efficiency variance

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Reference no: EM132788974

Question - Paubaya Co. uses standard costing for the accounting of its product. The budget officer provided the following standard data imposed by the top-level management concerning the direct materials:

-Standard direct material is 3 per unit of the product

-Standard price is P18 per unit of the product

During the period, the company acquired 1,000 units of direct material at a cost of P4,500. It also used 550 units of directs materials in manufacturing 150 units of its product.

Required -

What is the material price variance?

What is the material efficiency variance?

Reference no: EM132788974

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What is the material efficiency variance

Reference no: EM132788974

Reference no: EM132788974

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