Hello frns, I need little help regarding std costing -
calculate Material price variance n usage variance
Std qty :- 18,000
SR - 10
on analysis it was found that out of 25,000 kgs , 5,000kgs were purchased in emergancy order @ 20 kg
Actual qty Actual price
I am unable to derive the answer provided in the book. the question is from Sanjay Aggarwal's book and it's 1st question.
will be waiting for replies with logics