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From the following record of elbert limited you are

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From the following record of Elbert Limited, you are required to compute Material variance, one metric tons of material input yields a standard output of one lakh units.

If the number of employees: 200,The standard wage rate per employee per day: $6

  • Standard Price of material: $20 per kg
  • Actual quantity of material issued and used by production department: 10 metric tones
  • Actual price of material: $21 per kg
  • Actual output: 900000 units
  • Actual wage rate per day: $6.50
  • Standard daily output per employee: 100 units
  • Total number of days worked: 50

Reference no: EM13588230

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