From the following information calculate: (a) Material cost variance (b) Material price variance and (c) Material usage
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From the following information calculate:
(a) Material cost variance
(b) Material price variance and
(c) Material usage variance Standard output 200 units Standard material per unit 5 kgs Standard price per kg Rs. 4 Actual output 180 units Actual price per kg Rs. 5 Actual materials used 500 kgs.
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Ali Khawaja
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