Eric Limited provides the following data for the month of March: Particulars Standard Actual 80,000 Production 84000 units Units Standard raw-material consumption per unit 3 Kg Total Raw material Consumption 252000 kg 250,000 kg Cost of Raw Material per kg $5 $5.10 Total Raw material Cost $1260,000 $12,75000 Compute raw material cost variance, Price variance and Material usage variance