T plc uses a standard costing system, which is material stock account being maintained at stan- dard costs. The following details have been

Which of the following correctly states the material price and usage variance to be reported?

extracted from the standard cost card in respect of direct materials: 8 kg at 0.80/kg = 6.40 per unit Budgeted production in April was 850 units. The following details relate to actual materials purchased and issued to production during April, when actual production was 870 units: Materials purchased Materials issued to production 8200 kg costing 6888 7150 kg