Calculate and suggest possible reasons for the materials, Financial Accounting

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Calculate and suggest possible reasons for the materials

Practice questions:

Calculate and suggest possible reasons for the materials price variance from the following data:
• Standard price per kilo is £4
• Standard usage per unit is 5 metres
• Actual price per kilo is £3
• Actual usage per unit is 5 metres

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Financial Accounting: Calculate and suggest possible reasons for the materials

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Financial Accounting: Calculate and suggest possible reasons for the materials

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