Question: From the following data, Calculate a) Material Cost Variance b) Material Price Variance c) Material Usage Variance. Materials X Y Z Standard Quantity Kg.

From the following data, Calculate a) Material Cost Variance b) Material Price Variance c) Material Usage 

From the following data, Calculate a) Material Cost Variance b) Material Price Variance c) Material Usage Variance. Materials X Y Z Standard Quantity Kg. 8,000 3,000 2,000 Standard Price Actual Quantity Kg. 7,500 3,300 2,400 Rs. 1.05 2.15 3.30 Actual Price Rs. 1.20 2.30 3.50

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