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NXE Manufacturing Concern furnishes the following information:Standard:Material for 70 kg finished products 100 kg.Standard:Price of material INR.1 per kg.Actual:Output2,10,000 kg.Actual:Material used 2,80,000 kg.Actual:Cost of Materials

NXE Manufacturing Concern furnishes the following information:Standard:Material for 70 kg finished products 100 kg.Standard:Price of material INR.1 per kg.Actual:Output2,10,000 kg.Actual:Material used 2,80,000 kg.Actual:Cost of Materials INR.2,52,000Calculate: (a) Material usage variance, (b) Material price variance, (c) Material cost variance.

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