Standard material for 100 kgs Chemical 456 is given below Actual production 2,000 units of Chemical 456 and actual material usage is as follows: Calculate the following: (i) Material cost variance,...

Standard material for 100 kgs Chemical 456 is given below

Actual production 2,000 units of Chemical 456 and actual material usage is as follows:

Calculate the following: (i) Material cost variance, (ii) Material price variance, (iii) Material mixture variance, (iv) Material yield variance, and (v) Material usage variance.