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he standards for product V 2 8 are as follows: Standard quantity 9 . 0 kilograms Standard price$ 1 9 . 8 0 per kilogram

he standards for product V28 are as follows:
Standard quantity9.0 kilograms
Standard price$19.80 per kilogram
The following data applied to last month:
Raw materials purchased 3000 kilograms
Total cost of materials purchased$58,800
units produced 310
All the raw materials purchased were used in production.
Required:
Calculate the material price variance. (3 marks)
Total cost of materials purchased
Total standard cost of materials purchased
Material price variance
Calculate the material quantity variance. (4 marks)
Total standard cost of materials purchased

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