Correct Answer:
B. Rs. 200 favorable
MUV = (SQ - AQ) x SP = (500 - 480) x 10 = Rs. 200 favorable.
November 13, 2026 · Accounting and Finance MCQs, Cost & Management Accounting MCQs
Actual quantity used is 480 units, standard quantity allowed is 500 units and the standard price is Rs. 10. The material usage variance is:
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