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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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