Solution-What was the mno materials purchase price variance

What was the mno materials purchase price variance

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Reference no: EM132559043

Question 1: MNO produces a single product. The standard production requirement for each unit requires 2 kilograms of a single material at a standard cost of $5 per kilogram. During the last year, MNO purchased 10,000 kilograms of materials at total cost of $52,000. Also last year, MNO manufactured 3,000 units of product using a total of 7,000 kg. What was the MNO's materials purchase price variance for the year?

Option a) nill

Option b) $4000 favourable

Option c) $2000 unfavourable

Option d) $2800 unfavourable

Reference no: EM132559043

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What was the mno materials purchase price variance

Reference no: EM132559043

Reference no: EM132559043

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