T plc uses a standard costing system, which is material stock account being maintained at stan- dard costs. The following details have been

Which of the following correctly states the material price and usage variance to be reported?

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extracted from the standard cost card in respect of direct materials: 8 kg at 0.80/kg = 6.40 per unit Budgeted production in April was 850 units. The following details relate to actual materials purchased and issued to production during April, when actual production was 870 units: Materials purchased Materials issued to production 8200 kg costing 6888 7150 kg