cuestion The details of standard cost per unit for a product POR is given below. Quantity of raw material required 18 kg. Rate of raw material OMR 2 per kg Actual production of QPz: Production during the month 1000 kg Quantity of material used 19,000 Kg. Raw material purchased 25000 kg @3 per kg. Required: 1. Calculate at least three variances relating to material and verify your answer 4 Marks 2. If there is 10% decrease in actual raw material price what impact it will create in material cost variance 2 Marks Q2 Material usage variance - OMR 5500 (F) Standard rate of material - OMR 10 Standard quantity of rawmaterial for actual production - 5600 kg Actual quantity of raw material used in actual production 6,000 Kg@8 Calculate material cost variance 2 Marks Final Assignment.docx Standard Costing - ppt 103 Sample_Chapt...pdf . w