SUGGESTED ANSWERS TO QUESTIONS JUNE - 2017

Material Price Variance (MPV) = Standard cost of Actual Quantity - Actual Cost . or, Actual Cost = 11,520 - 480 = 11,040 . SUGGESTED_ANSWER TO QUESTION_SYL2016_JUNE2017_PAPER-15 Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 4 (vi. ................
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