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Questions and Answers
The material price variance is $______.
The material price variance is $______.
R32,000 Favourable
The labour efficiency variance is $______.
The labour efficiency variance is $______.
R3,500 Unfavourable
The material quantity variance is $______.
The material quantity variance is $______.
R16,000 Unfavourable
The labour rate variance is $______.
The labour rate variance is $______.
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The ______ variance is R1,700 Unfavourable.
The ______ variance is R1,700 Unfavourable.
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Study Notes
Variances in Cost Accounting
- The material price variance is unknown, awaiting a value.
- The labour efficiency variance is unknown, awaiting a value.
- The material quantity variance is unknown, awaiting a value.
- The labour rate variance is unknown, awaiting a value.
- There is an unfavourable variance of R1,700, but the specific type of variance is unknown.
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