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The following are the standard and actual figures for product G: Standard Actual Material Quantity 50units 45 units Material price per unit N$ 1.00 N$

The following are the standard and actual figures for product G: Standard Actual Material Quantity 50units 45 units Material price per unit N$ 1.00 N$ 0.80

Required: Determine the following:

a) Standard cost.

b) Actual cost

c) Price variance

d) Usage variance

e) Material cost variance

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