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Eyeglass Products, Inc. (EPI) produces eyeglass cleaner products. The company expects to pay $7.20 per kilogram for their raw materials. EPI purchased 3,637 kilograms of
Eyeglass Products, Inc. (EPI) produces eyeglass cleaner products. The company expects to pay $7.20 per kilogram for their raw materials. EPI purchased 3,637 kilograms of materials during the month of April for $6.00 per kilogram. A standard of 1.50 kilograms of material is expected to be used for each eyeglass cleaner product produced. Even though EPI expected to produce 1,143 finished products, they actually produced 1,093 finished eyeglass cleaner products during the month of April and used 1,669.50 kilograms of raw materials. Round your final answers to the nearest whole dollar/input code 0 Enter a favorable variance as a positive number (no sign needed) .Enter an unfavorable variances as a negative number (minus sign in front of the digits) How much is the Price Variance? $ How much is the Quantity Variance? $
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