![apple devices books business coffee](https://multiplechoicequestions.blog/wp-content/uploads/2020/04/pexels-photo-572056.jpeg)
The following material costs relate to the manufacture of 100 units of a product.
![](https://multiplechoicequestions.blog/wp-content/uploads/2020/12/table-103.jpg?w=840)
What is the raw material price variance?
Select ONE answer:
- £495 adverse
- £495 favourable
- £1,320 adverse
- £1,320 favourable
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 1
- Correct – £9,570 / 1,650kgs =£5.8 – £5.5 = £0.30 * 1,650 = 495A
- Not correct
- Not correct
- Not correct
This work is licensed under a Creative Commons Attribution 4.0 International License.
You must be logged in to post a comment.