Old MathJax webview

.

A manufacturing concern which has adopted standard costing furnishes the following information. Standard Material for 70 kg of finished product of 100 kg Price of materials $1 per kg Actual Output 2,10,000 kg. Material used 2,80,000 kg. Cost of materials $2,52,000 Calculate: a. Material Usage Variance b. Material Price Variance c. Material cost Variance