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Accounting NXE Manufacturing Concern furnishes the following information: Standard: Material for 70 kg finished products Price of material 100 kg. 1 per kg. Actual: Output

Accounting

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NXE Manufacturing Concern furnishes the following information: Standard: Material for 70 kg finished products Price of material 100 kg. 1 per kg. Actual: Output 2,10,000 kg. Material used 2,80,000 kg. Cost of Materials 2,52,000 Calculate: (a) Material usage variance, (b) Material price variance, (c) Material cost variance

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