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The standard quantity and standard price of raw materials required for one unit of product a are given as follows: Material Quantity Selling price X

The standard quantity and standard price of raw materials required for one unit of product a are given as follows:

Material

Quantity

Selling price

X

2kg

$3 per kg

Y

4kg

$2 per kg

The actual production and relevant data are as follows: Output for product A is 500 units

Material

Total Quantity for 500 units

Total cost ($)

X

1,100kg

3410

Y

1,800kg

3960

Required: Calculate

  1. Material cost variance
  2. Material price variance
  3. Material usage Variance
  4. Material mixture variance
  5. Material Yield variance

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