Figure 3
Tuvok Ltd. has developed the following standards for one of its products:

-Refer to Figure 3. Tuvok's material price variance is
A) £1,000 unfavorable
B) £2,000 unfavorable
C) £1,100 unfavorable
D) cannot be computed from the information given

Question

Figure 3
Tuvok Ltd. has developed the following standards for one of its products:
 
-Refer to Figure 3. Tuvok's material price variance is
A) £1,000 unfavorable 
B) £2,000 unfavorable 
C) £1,100 unfavorable 
D) cannot be computed from the information given

Quizplus · Accepted Answer

Tuvok's material price variance is £1,000 unfavorable because the actual price paid for the materials was £1,000 more than the standard price.

Figure 3 Tuvok Ltd. Has Developed the Following Standards for One of One