Moving to another question will save this response Question

Moving to another question will save this response. Question 5 Table Manufacturing Company produces one style of tables the following data pertain to producing one table Planned production/month units (one table) Piece of woods (M) Estimated M price Actual production Quantity purchased (QP) from M Actual price (AP) Material volume (efficiency) variance? $21 $19. Favorable $19, Unfavorable S20. Favorable S20. Unfavorable A Moving to another question will save this response

Solution

Material volume variance = (Standard quantity-actual quantity)Standard price per kg

= (20-19)20

Material volume variance = 20 Favourable

so answer is c) $20 favourable