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Calculate the company materials quantity variance

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Reference no: EM132658225

A Company has a materials price standard of $2.50 per kilogram. Four thousand kilograms of materials were purchased at $2.40 a kilogram. The actual quantity of materials used was 3,500 kilograms, although the standard quantity allowed for the output was 3,400 kilograms.

Required

Question a. Calculate the Company's materials price variance

Question b. Calculate the Company's materials quantity variance

Question c. Calculate the Company's total materials variance

Reference no: EM132658225

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