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Q3 The standard material costs for producing one unit of a product is given in the Table Q3a. . Table Q3a Material Usage (kg) Price
Q3 The standard material costs for producing one unit of a product is given in the Table Q3a. . Table Q3a Material Usage (kg) Price per kg (OMR) A 1.7 1.600 B 1.1 1.700 0.7 2.300 During a particular period, the company produced 2400 units of the product for which the incurred materials are as given in the Table Q3b. Table Q3b Material Consumption Cost (OMR) (kg) 4,896.00 9,302.400 B 1,848.00 3,141.600 2,016.00 4,032.000 Determine (1) Material Cost Variance (ii) Material Usage Variance Material Price Variance (iv) Material Mix Variance Material Yield Variance
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