The following information relates to R plc for October:
Bought 7800 kg of material R at a total cost of £16380
Stocks of material R increased by 440 kg
Stocks of material R are valued using standard purchase price
Material price variance was £1170 adverse
The standard price per kg for material R is:
|
A |
£1.95 |
|
B |
£2.10 |
|
C |
£2.23 |
|
D |
£2.25 |
|
E |
£2.38 |