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Question 2 The standard material (flour) cost to produce 1 loaf of bread is 0.3 kg of flour @ N$10 per kg. During a particular

Question 2

The standard material (flour) cost to produce 1 loaf of bread is 0.3 kg of flour @ N$10 per kg. During a particular period, 100000 loaves of bread were produced from the usage 35000 kgs of flour @ N$9 per kg

Calculate the

a. Material cost variance

b.Material Price variance

c. Material Usage variance

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