27. The standard set for material consumption was 100 kg @ 3.25 per unit. In a cost period: Opening stock was 100 kg e3.25 per unit. Purchases made 500 kg e73.15 per unit. Consumption 110units Calculate: a)Usage Variance b)Price Variance 1) When variance is calculated at point of purchase 2) When variance is calculated at point of issue on FIFO basis 3) When variance is calculated at point of issue on LIFO

27. The standard set for material consumption was 100 kg @ 3.25 per unit. In a cost period: Opening stock was 100 kg e3.25 per unit. Purchases made 500 kg e73.15 per unit. Consumption 110units Calculate: a)Usage Variance b)Price Variance 1) When variance is calculated at point of purchase 2) When variance is calculated at point of issue on FIFO basis 3) When variance is calculated at point of issue on LIFO

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

answer ed is coming back incorrect please help
Direction: Choose the verb that agrees with the subject in the sentence. Write the letter of the correet TIO answer in the blank. ent i eg 1. The committee varying solutions. B. has C. are D. is A. have 2. A number of cases reported in the area. B. have been C. was D. has A. is 3. Everyone been informed about the incident, A. have В. are C. were D. has 4. She her office by 9 A.m. daily. A. reach B. reaches C. reached D. reaching 5. Raul and his friends also invited to the party. A. is B. was C. had D. were 6. The company of its stakeholders. A. think B. thought C. thinks D. thinking
since due to Q&A guidelines, you must answer the first three sub-parts, could you please answer to questions 4, 5 and 6, please? thank you
Please answer D to F in the attached questions. Please label accordingly ( e.g d) instead of step 1). Thanks!
kau.3 answer must be in table format or i will give down vote
I need answer typing clear urjent no chatgpt used i will give upvotes all answers pls
You guys provided me an expert answer? Cuz the table for the part 1 of the p missing as well on volum PR what do i enter? and the part 2 has a table but c utilized.
only answer d now please
How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!!!!
i need the answer quickly
Please show the calculations for one of them how the NRV(b is received.