Material Usage Variance question... HELP!

So, i have been at this for hours and cannot seem to get the answer that is given (£6000).

A company purchases and uses 200,000 litres of material at a cost of £0.55 per litre.
The budgeted production was 22,000 units per 220,000 litres of material at standard cost of £132,000.
The actual production was 19,000 units.

What is the material usage variance?

Best Answer

Answers

Privacy Policy