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Please assist in answering all questions below The standard material costs of finished product PEP are as follows: 2kg raw material A@R10 per kg Actual
Please assist in answering all questions below
The standard material costs of finished product PEP are as follows: 2kg raw material A@R10 per kg Actual information: Purchase of raw material A 2000kg@R9.50 per kg Issue of raw material A 1200kg Units of product PEP manufactured 280 units Required Calculate the following in respect of material A (a) Purchase price variance (3) (b) Issue price variance (c) Quantity variance (d) Total varianceStep by Step Solution
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