The data shown below relate to an industrial organization that manufactures household appliances. Standard quantity required of material item 0009 1kg Standard price per kg Rs 10 Product in a month appliances 100kg Actual quantity of material used 98kg Actual price paid Rs11/kg The following calculations for variances have been made material usage variance= 2kgs @ rs 11 =22 rs material price variance= 100kg * rs 1=100rs Do you agree with the calculation? If not provide a correct calculation for the variances