By the end of the third quarter of 2016, the standard cost of material for product X was as follows: The actual production of product X for the third quarter of 2016 was as follows: Required: Calculate the following variances: 3.2 1. 4 kg per unit at R3 per kg 2 45 000kg of material was purchased at R2, 80 for the third quarter. . 3 9 000 units which took 37 000 kg of material . 3.2.1 Raw material price variance (3 marks) 3.2.2 Raw material usage variance (4 marks)