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The standard material required manufacturing one unit of product P is 5 Kg and the price per Kg of material is RO 3.00. The cost

The standard material required manufacturing one unit of product P is 5 Kg and the price per Kg of material is RO 3.00. The cost accounts record however, reveal that 16,000 Kgs of material costing RO. 52,000 were used for producing 3,000 units of product. Calculate the material variances.

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