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solve the qustion with the full requrment Question 2 Oman Factory manufactures one product called colonia. In the manufacturing process of conlonia, the factory needs

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Question 2 Oman Factory manufactures one product called colonia. In the manufacturing process of conlonia, the factory needs to use two main different materials, A & B. For making 200 units colonia the standard quantity of material A is 6 pounds costing 18 OMR and 8 pounds of B costing 32 OMR. All of the material was used during the month to produce 500 units of Colonia. The factory accounting records showed that 40 pounds of material A was used costing 250 OMR, while 75 pounds of material B was used costing 150 OMR. Required: 1. Compute the following for A and B, (a) Material Price Variance (b) Material Quantity Variance (c) Material Mix Variance (d) Material Yield Variance. [ 4 marks]

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