The standard material required to manufacture one unit of product X is 10kg and the standard price per kg of material is Shs. 2.50. The cost accounts records, however, reveal that 11,500kg of materials costing Shs. 27,600 were used for manufacturing 1,000 units of product X. Required: i. Calculate Material Variances ii. Show the verification for material cost variance (18marks) (2marks)