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Calculate the material usage variance

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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?

Reference no: EM132953750

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