Find the following (a) Material Cost Variance (b) Material Price Variance (1) At the point of consumption (2) At the point of purchase (3) Material usage variance On the basis of following data: Quantity of material purchased : 3000 Kg Value of material purchased : $ 9000 Standard quantity of material required for one one unit of output : 30 Kg Standard price of materials : $ 2.50 Per Kg.