Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.29 hour Rate, $14.50 per hour Direct Material: Quantity, 8 kilograms Price, $0.68 per kilogram Actual material purchases amounted to 412,800 kilograms at $0.70 per kilogram. Actual costs incurred in the production of 48,000 units were as follows: Direct labor: Direct material: $228,096 for 15, 360 hours $273,840 for 391,200 kilograms Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Round "per kilogram" to 2 decimal places.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per kilogram" to 2 decimal places.) Actual Material Cost Actual Actual Quantity Price 381,200 * $ 0.70 kilograms per used kilogram Direct-Material Price and Quantity Variances Projected Material Cost Actual Standard Quantity Price 381,200 X X $ 0.68 kilograms per used kilogram Standard Material Cost Standard Standard Quantity Price 384,000 * $ 0.68 kilograms per allowed kilogram 266,840 259,216 261,120 9,400 X Unfavorable 2,800 Unfavorable Direct-material price variance Direct-material quantity variance $ 6,600 Unfavorable Direct-material variance *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted