Information:

A standard quantity of 2kg of material X at a standard price of R4 per kg is allowed for the production of one unit of product Messi. The cost figures for the first quarter of 2020 showed that 4 400 kg of material X was purchased at R4.10 per kg.

2000 units of product Messi were produced using 4 200 kg of material X.

Required:

In respect of material, calculate and briefly comment on the following variances:

5.1 Material Purchase price variance.

5.2 Material Issue price variance. (

5.3 Material Quantity variance.

5.4 Total material variance for the 4 200 kg of material issued.