Question 3 Green Mi is into the production of Laptop LED Monitors Budgeted Quantity of LED Panel required for 1 unit QX model is 1.5 Square feets During the month under consideration, Answer Summary Budgeted LED Monitors 5,000 Material usage Variance Actual Produced LED Monitors 4,000 Material Price Variance Budgeted Price per Sq Feet 1,000 Actual Sq Feet of Panels Consumed 8,000 Actual Cost 9,600,000 Calculate the Direct Material Usage Variance & Direct Material Price Variance