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Actual price 20 - standard price 30 - units purchased equal 4000 the variance will be 1- favorable 2- unfavorable 3 - all answers are false

Accounting Cost Accounting Financial Accounting CMA Costing
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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/03/07
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Adan Waqar
by Adan Waqar , Tax Specialist and Finance Analyst , Gulf Business Machines

The Answer is

 1- Favorable Variance -------------------------

Syed Ammar
by Syed Ammar , Senior Accounts Officer , The City Schools (Group Head office)

1 favorable variance .......................................................................

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is number (1 )

Ahmed Abdi Mahad
by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

If the actual purchase price is less than the the standard purchase price, then the variance is favorable variance 

so choice A is the correct answer for your question

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