Reference no: EM13588230

From the following record of Elbert Limited, you are required to compute Material variance, one metric tons of material input yields a standard output of one lakh units.

If the number of employees: 200,The standard wage rate per employee per day: $6

• Standard Price of material: $20 per kg
• Actual quantity of material issued and used by production department: 10 metric tones
• Actual price of material: $21 per kg
• Actual output: 900000 units
• Actual wage rate per day: $6.50
• Standard daily output per employee: 100 units
• Total number of days worked: 50