Question 16.TQ.4 : You are presented with the following information for X Limit...

Accounting for Non-Accounting Students

You are presented with the following information for X Limited:

Standard price per unit: £10.
Standard quantity for actual production: 5 units.
Actual price per unit: £12.
Actual quantity: 6 units.

Required:
Calculate the following variances:

(a) direct material total variance
(b) direct material price variance
(c) direct material usage variance

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