A Mechanical design company produces an innovative design Component Z100 design of producing one(1) unit of...

(i) Material usage variance;

(ii) Material price variance;

(iii) Total material cost variance;

(iv) Discuss at least two(2) importance of variance analysis in a manufacturing company

Table Q3-1

Materials	Usage (units)	Total cost (OMR)
V	5	17٫5
W	3	37٫5
X	8	52
Y	2	40

Table Q3-2

Materials	Usage (units)	Total cost (OMR)
V	11،937	51،235
W	6،854	94،382
X	17،355	104،133
Y	4،317	76،868

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orchestra answered 1 year ago

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