Reasons for the materials usage variance, Cost Accounting

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Reasons for the materials usage variance

Response to the following problem:

Calculate and suggest possible reasons for the materials usage variance from the following data:

Standard price per tonne is £50

Standard usage is 1.000 tonnes

Actual price per tonne is £50

Actual usage is 995 tonnes

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Cost Accounting: Reasons for the materials usage variance

Reference No:- TGS02087019

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Cost Accounting: Reasons for the materials usage variance

Reference No:- TGS02087019

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