Q Illustration 4 The standard material input required for 1,000 kgs. of a finished product are given below: Material Quantity (Kg.) St. Rate per kg. ) P 450 20 400 40 R 250 60 1.100 Standard loss 100 Standard Output 1.000 Actual production in a period was 20.000 kg of finished product for which the actual quantities of material used and the prices paid therefore were as under: Material Quantity (Kg.) Purchase price per kg. R) P 10,000 19 Q 8,500 42 R 4,500 65 Calculate: () Material cost variance; (6) Material price variance; (1) Material usage variance; and (iv) Material yield variance. a 60 Also show a reconciliation of the variances