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Note: Answers should be Kindly in Word or Excel Format 1. The standard quantity of standard price of material to produce Product A' are as

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Note: Answers should be Kindly in Word or Excel Format

1. The standard quantity of standard price of material to produce Product A' are as follows: Standard Quantity: 500 kgs Actual Quantity: 300 kgs Standard Price AED 12/Kg Actual Price AED 8/Kg Calculate: (a) Material Cost Variance (b) Material Price Variance (c) Material Usage variance

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