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Homework answers / question archive / X operates a standard marginal costing system
X operates a standard marginal costing system. The following budgeted and standard cost information is available: Standard production direct material price per unit OR 3.7 ,Standard usage 680 Kgs .Actual production direct material usage 700 kg & material price per unit is OR 3.6 The direct material cost variance is:
a. OR 4 Adverse
b. OR 1 Adverse
c. OR 1 Favourable
d. OR 4