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Problem 3 The standard material required manufacturing one unit of product X is 10 kgs and the standard price per kg of material is 25RO.

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Problem 3 The standard material required manufacturing one unit of product X is 10 kgs and the standard price per kg of material is 25RO. The cost account records, however, reveal that 11500 kgs of materials costing 276000RO were used for manufacturing 1000 units of product X. You are required to calculate MCV, MPV and MUV

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