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QUESTION 13 Telcom plc uses a standard costing system, with its material inventory account...

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Accounting

QUESTION 13
Telcom plc uses a standard costing system, with its material inventory account being maintained at standard cost. The following details have been extracted from the standard cost card in respect of materials.
8kg@0.80kg=6.40 per unit
Budgeted production in April was 850 units.
The following details relate to actual materials purchased and issued to production during April when actual production was 870 units.
Materials purchased ,8,200kg costing 6,888
Materials issued to production ,7,150kg
What are the material price and material usage price variances for April?
A.328 adverse and 152 adverse
B.348 favourable and 163 adverse
C.259 adverse and 128 adverse
D.298 favourable and 136 adverse
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