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Production records indicate that actual quanity of raw materials used for the previous month was 45,000 kg at $4 per kG to make 10,000 units.

Production records indicate that actual quanity of raw materials used for the previous month was 45,000 kg at $4 per kG to make 10,000 units.

The min. requirements of raw material is $5 per Kg for each finished products.

What is the material quantity variance?

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