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Question - For making 10 kg of yarn, the standard material requirement rates are: material quantity= 4kg Rate per kg= RS 3
In a month, 2000 kg of yarn was produced. The actual consumption of material is as under:
Material quantity= 700 kg
Rate per kg= RS. 4
(a) Calculate the material usage variance?
(b) Calculate the material price variance?
(c) Calculate the material cost variance?
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