Chapter 10 Test your understanding 9 - Material yield Hondru operates a standard costing system. The standard direct materials to produce 1,000 units of output is as follows: Material grade Input quantity (kgs) Standard price per kg ($) A 600 1.10 B 240 2.40 360 1.50 During April the actual output of the product was 21,000 units. The actual materials issued to production were: Material grade Quantity (kgs) 14,000 B 5,500 5,500 Required: Calculate the material yield variance. Comment on the figures calculated