Furnished by tesco industries, Accounting Basics

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Furnished by tesco industries

From the following information furnished by Tesco Industries for the month of December, 2009 you are required to compute:

Material Cost Variance
Material Price Variance
Material Usage Variance

If the Standard Cost of Material for a batch of 500 units. Material 200 Tonnes @ $ 40 per Ton. Actual Cost of Material for actual output of 25000 units Material 9860 Tonnes @ $ 38.50 per Tonne.

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Accounting Basics: Furnished by tesco industries

Reference No:- TGS0693187

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Accounting Basics: Furnished by tesco industries

Reference No:- TGS0693187

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Recent Questions Asked Accounting Basics

Q : What is delta for the vaporization

Q : Would you have a different answer if the interest payment

Q : Describe the turnover ratio and profit margin ratio

Q : How to present the journal entries

Q : Furnished by tesco industries

Q : What principal factors were considered

Q : Calculate material mix variance

Q : How much heat was released

Q : Calculate material yield variance

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Furnished by tesco industries

Reference No:- TGS0693187

Recent Questions Asked Accounting Basics

Q : What is delta for the vaporization

Q : Would you have a different answer if the interest payment

Q : Describe the turnover ratio and profit margin ratio

Q : How to present the journal entries

Q : Furnished by tesco industries

Q : What principal factors were considered

Q : Calculate material mix variance

Q : How much heat was released

Q : Calculate material yield variance

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