The standard material required for production is 10,500 kg. A price of Rs. 20 per kg has been fixed for the material. The actual quantity of materials used for the product is 11,000 kg. A sum of Rs. 2, 47, 500 has been paid for the materials. Calculate: cost variance, rate variance, usage variance
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material (10599) kg
20 per kg
total used 1)1,000
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