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QUESTION 5 X Ltd purchases 4,000kg of material at a cost of RM8,400. It uses 3,300kg to produce 600 units of product A. Product

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QUESTION 5 X Ltd purchases 4,000kg of material at a cost of RM8,400. It uses 3,300kg to produce 600 units of product A. Product A's standard cost card for material is as follows: Material 5 kg @ RM2 per kg Required: Standard cost per unit (RM) 10 Calculate the price variance, the usage variance, total material variance and the value of closing inventory.

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