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Use the information provided to calculate the following variances. `in each case state whether the variance is favourable or unfavourable 1.3.1 Material issue price variance
Use the information provided to calculate the following variances. `in each case state whether the variance is favourable or unfavourable 1.3.1 Material issue price variance 1.3.2 Material quantity variance 1.3.3 Total material variance, without using the answers from the previous questions. INFORMATION To produce one unit of product Rap a standard quantity of material `y at a standard price of R5 per kilogram is allowed. Expected production per month is 8 500 units
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