1) When more materials are used than allowed for actual production this will result in an unfavourable purchase price variance. TRUE or FALSE

2) MNO produces a single product. The standard production requirement for each unit requires 2 kilograms of a single material at a standard cost of $5 per kilogram. During the last year, MNO purchased 10,000 kilograms of materials at total cost of $52,000. Also last year, MNO manufactured 3,000 units of product using a total of 7,000 kg. What was the MNO's materials purchase price variance for the year?

3) MNO produces a single product. The standard production requirement for each unit requires 2 kilograms of a single material at a standard cost of $4 per kilogram. During the last year, MNO purchased 10,000 kilograms of materials at total cost of $54,000. Also last year, MNO manufactured 3,000 units of product using a total of 7,500 kg. What was the MNO's materials quantity variance for the year?

4) MNO produces a single product. The standard production requirement for each unit requires 2 kilograms of a single material at a standard cost of $5 per kilogram. During the last year, MNO purchased 10,000 kilograms of materials at total cost of $58,000. Also last year, MNO manufactured 3,000 units of product using a total of 7,000 kg. What was the MNO's materials purchase price variance for the year?