Exercise 223

Fill in the appropriate amounts in the following Adam Corporation variance report.

Exercise 223 Fill in the appropriate amounts in the following Adam Corporation variance report. (Round actual and standard price to 2 decimal places, e.g. 52.75.) ADAM CORPORATION for Week Ended January 9, 2016 Type of Materials Actual Price Standard Price Quantity Purchased Price Variance Explanation $5.00 $6,000 Brown $5.25 Price increase Rush order Bought larger quantity lbs. 8,000 oz. 22,000 units 1,600 Unfavorable Green 3.25 White 660 Favorable 50.45 Click if you would like to Show Work for this