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From the following particulars, calculate the following material variances and give their relationships: (a) Material cost variance (b) Material usage varlance (c) Material price variance

From the following particulars, calculate the following material variances and give their relationships: (a) Material cost variance (b) Material usage varlance (c) Material price variance (d) Material mix variance (e) Material quantity of sub-usage variance 7 (f) Material Standard Actual price Quantity Kgs. price $. Quantity Kgs. $. 10 8 10 10 7 B 8 22 9 6 12 5 11 20 24

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