Solution-What is the material price variance at point of

What is the material price variance at point of purchase

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Reference no: EM132795563

Patawad Co . is using standard costing for its product. For the year ended, it provided the following information:

During the year the company acquired direct materials at P8 per unit for a total cost of P15,000.
The journal entry to record material usage variance included a debit in the amount of P1,000.
The standard direct materials per unit is 4 per product.
The company manufactured 200 units of product using 900 direct materials.

Note: Round off final answers to the nearest whole number. If the answer is a favorable variance, then place a hyphen (-) before the figure. Ex.: -1,234

Problem 1: What is the material price variance at point of purchase?

Reference no: EM132795563

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What is the material price variance at point of purchase

Reference no: EM132795563

Reference no: EM132795563

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