Find the material cost variance and material price variance

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Reference no: EM13333066

On the basis of the raw facts and figures such as the standard price of material specified is 40 $ and its standard quantity of the specified material which is to be per unit of product is 80 kg, actual price of product Material is 38.40 $, actual output of product in units is 19200, actual quantity of material consumed is to be 81.60 kilogram.Just find its material cost variance and material price variance only

Reference no: EM13333066

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