Product AB has a standard cost of 32,6 of which relates to direct materials. Budgeted production for the month was 1600 units. During the month,…
CA Intermediate · Cost and Management Accounting · RTP · January 2026
Product AB has a standard cost of 32,6 of which relates to direct materials. Budgeted production for the month was 1600 units. During the month, 1500 units of AB were produced and materials worth - 9,000 were purchased. There was no opening stock of materials but closing stock, which was valued at standard cost, amounted to 1,500. What is the total variance for materials?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
₹ 1500 (F)
Topics: Budgets and Budgetary Control
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