Question: Not please write the solution with a computer or a clear line write all the steps write a summary of the solution Question 3: A

Not

please write the solution with a computer or a clear line

write all the steps

write a summary of the solution Not please write the solution with a computer or

Question 3: A Mechanical design company produces an innovative design Component Z100 used for electric cars. The standard design of producing one(1) unit of component Z100 is provided in the bill of materials BOM which requires material mix shown in Table Q3-1. The current monthly production of Component Z100 is 2000 units with the actual material consumption shown in Table Q3-2. Determine the following: (1) Material usage variance; (ii) Material price variance; (iii) Total material cost variance; (iv) Discuss at least two(2) importance of variance analysis in a manufacturing company Table Q3-1 Total cost Materials Usage (units) (OMR) V 15 1 17.5 W 3 37.5 X L 8 52 NYT 2140 Materials V Table Q3-2 Usage (units) 11,926 6,990 17,251 4,258 W Total cost (OMR) 51,021 93,540 104,396 76,087 (Total 20 marks]

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