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Specification AISI 1018 cold-rolled steel material is estimated to cost $0.0293 per unit for 20,000 units. Actually, material costs are $0.032 per unit and 20,500

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Specification AISI 1018 cold-rolled steel material is estimated to cost $0.0293 per unit for 20,000 units. Actually, material costs are $0.032 per unit and 20,500 units were needed because of greater scrap and waste. Determine the material, quantity and total variance. (HINT: Use the quantity first followed by the material first protocol.)

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