Day: February 16, 2023

The standard cost of materials for production amounts to £17,100.

The materials price variance is £1,800 favourable, the materials usage variance is £1,000 adverse.

What is the actual material cost?

Select ONE answer:

1. £14,300
2. £15,300
3. £16,100
4. £16,300

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 4

1. Not correct
2. Not correct
3. Not correct
4. Correct == > £17,100 – £1,800 + £1,000

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