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The standard quantity and standard price of material to produce Product X are as follows: Standard Quantity: 800 kgs Actual Quantity: 900 kgs Standard Price:

The standard quantity and standard price of material to produce Product X are as follows:

Standard Quantity: 800 kgs

Actual Quantity: 900 kgs

Standard Price: AED 10 / kg

Actual Price: AED 12 / kg

Calculate: a. Material Cost Variance b. Material Price Variance c. Material Usage Variance

Note : the Answer should be in Word Format and in Details

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