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2.1 A standard quantity of 2 kilograms of material Z at a standard price of R4 per kilogram is allowed for the production of one
2.1 A standard quantity of 2 kilograms of material Z at a standard price of R4 per kilogram is allowed for the production of one unit of product Zeplin. The cost figures for the first quarter of 20. showed that 4 400 kg of material Z was purchased at R4.20 per kg. 2 000 units of product Zeplin were produced using 4 200 kg of material Z. Required In respect of material, calculate the following variances: 2.1.1 Purchase price variance (4) 2.1.2 Issue price variance (4) 2.1.3 Quantity variance (4) 2.1.4 Total material variance for the 4 200 kg of material issued. (4)
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