pev dec 05 task 1.2

lucy1988

Hi,

Does anyone know where you get the 0.50 from in task 1.2 a?

Actual price = £58,500/130,000=£0.45
Price variance= (0.45-0.50) x 130,000=£6500 (f)

wolfe

the standard price of paper per kg is £0.5 which is given in the standard cost card

Khurram Taj

Hi Lucy,

please read paper carefully, specially, standard cost cards in all past exam papers because most of data describes in first two paragraphs.

£0.50 is the standard price for paper,which is given in the standard cost card.

Regards
Khurram Taj