Question 2 The standard material costs of finished product PEP are as follows: 2 kg raw material A @ R10 per kg Actual information: Purchase of raw material A 2 000 kg @ R9.50 per kg Issue of raw material A 1 200 kg Units of product PEP manufactured 280 units 

Required Calculate the following in respect of material A 

(a) Purchase price variance (3) 

(b) Issue price variance 

 (c) Quantity variance 

(d) Total variance.

Answer rating: 100% (QA)

To calculate the purchase price variance issue price variance quantity variance and total variance f... View the full answer