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If the standard cost of material for a batch of 500 units

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Reference no: EM13587373

From the following information furnished by Tesco Industries for the month of December, 2009 you are required to compute:

  • Material Cost Variance
  • Material Price Variance
  • Material Usage Variance

If the Standard Cost of Material for a batch of 500 units. Material 200 Tonnes @ $ 40 per Ton. Actual Cost of Material for actual output of 25000 units Material 9860 Tonnes @ $ 38.50 per Tonne.

Reference no: EM13587373

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