Question: Calculate: Material Cost Variance (MCV) Material Price Variance (MPV), Material Usage Variance and (MUV) through the given cardinals. Standard price of material specified : $

Calculate: Material Cost Variance (MCV) Material Price Variance (MPV), Material Usage Variance and (MUV) through the given cardinals. Standard price of material specified : $ 20 Standard quantity of specified material per unit of product : 40 Kg Actual Price of product Material : $ 19.2 Actual Output of product : 9600 units Actual Quantity of material Consumed : 40.8 Kg

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