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Material set standard per unit of product exe is 2.5 units at kshs 20 per unit .16000 units were bought at 18.50 per unit.However only

Material set standard per unit of product exe is 2.5 units at kshs 20 per unit .16000 units were bought at 18.50 per unit.However only 15000 units of raw materials were used to produce 6500 units of product exe and 1000 units of material were unused and kept in stores at the end of the period .

Calculate ;material price variance

Material usage variance

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