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Q: If your material costs 3 a square foot what is the total price and square feet if you get a 10ft by 4ft piece of that material?
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Total cost price = Material cost + labor cost + overheads costs


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Following are the causes of material price variance: 1.There could have been recent changes in purchase price of materials. 2.Price variance can be due to substituting raw materials different from the original material specification. 3.Price variance can be attributed to the non availability of cash discounts which was originally anticipated at the time of setting the price standards. 4.Changes in transportation costs and storekeeping costs can also be contributing factors to material price variance.


What is cost price formula?

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What is cost formula?

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To calculate the price per square meter, divide the total price by the total number of square meters. For example, if a piece of cardboard with an area of 10 square meters cost 5 dollars, the price per square meter would be (10 m2)/($5), which comes out to be 50 cents per square meter.


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