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Calculate the material and price variance if company used

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Reference no: EM132605152

A company is set its standard to produce 10 units of raw material @ Rs 150 per unit to produce 25 units of finished product.

Question 1: Calculate the material and price variance if the company used 500 units of raw material to produce 1000 units of finished product in $ 48,000

Question 2: Analyze the favorable or unfavorable variance that are observed.

Reference no: EM132605152

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