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3. Mirza Water Assembly Plant wants to know the Material variance incurred in their Production. Below is the data related to material variance calculation. 1.

3. Mirza Water Assembly Plant wants to know the Material variance incurred in their Production. Below is the data related to material variance calculation. 1. Standard Material Cost per Unit: RM80 2. Actual Material Cost per Unit: RM90 3. Standard Quantity of Material Used: 5000 units 4. Actual Quantity of Material Used: 5500 units Required: i. Material Price Variance (4 marks) ii. Material Quantity Variance (4 marks) iii. Total Material Variance (4 marks)

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