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Commerce · Q896

Costing

Graduate and Post Graduate · Commerce · question 896

Q896

Total Material cost variance =

A.
Standard cost of materials - actual cost of materials
Answer
B.
Budgeted cost of materials - actual cost of materials
C.
Standard cost of materials - budgeted cost of materials
D.
Actual cost of materials - budgeted cost of materials

Answer: Option A

Solution

Answer: Option A
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