Question: Determine Material Quantity Variance from the following information: Standard Quantity 120 Kg Standard Price $5/kg Actual Quantity 100 Kg Actual Price $ 4.5/kg $ 150

Determine Material Quantity Variance from the following information:

Standard Quantity

120 Kg

Standard Price

$5/kg

Actual Quantity

100 Kg

Actual Price

$ 4.5/kg

$ 150 Favourable

$ 100 Unfavourable

$ 100 Favourable

$ 200 Unfavourable

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