Calculate the materials variances from the following data. Again, there is no need to flex any data.
|
(1) Material ZX3 |
Standard price per kg |
£7 |
|
Standard usage per unit |
14 kg |
|
|
Actual price per kg |
£8 |
|
|
Actual usage per unit |
12 kg |
|
|
(2) Material WE32 |
Standard price per litre |
£3.25 |
|
Standard usage per unit |
113 litres |
|
|
Actual price per kg |
£3.40 |
|
|
Actual usage per unit |
108 litres |