Calculate the following variance from the information provided below. In each case also state whether the variance
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Question:
Calculate the following variance from the information provided below. In each case also state whether the variance is favourable or unfavourable.
Material issue price variance
Material quantity variance
INFORMATION
Budgeted figures of Butterworth Manufacturers for Product A for April
Expected production units
Standard material cost for each unit of Product A kg at R per kg
Actual figures of Butterworth Manufacturers for Product A for April
Production units
Materials used in production kg at a total cost of R
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