MSE Manufacturing gives you the following details. Standard Price per kg of Material Rs. 2, Actual Material used 2,000 kg, Actual cost of Material Rs. 3,000.Actual output 2,100 kg. Compute Material Price Variance.

Syllabus of the this paper:

Section A : Cost & Management Accounting 50%
1. Cost and Management Accounting - Introduction
2. Decision Making Tools
3. Budgeting and Budgetary Control
4. Standard Costing and Variance Analysis
5. Learning Curve

Related Tests:

CMA Intermediate Exam: Cost Accounting

CMA Intermediate Exam: Cost Accounting 2 (Fill Blanks)