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 Variance Reportpurchasing Department for Week January 9, 2016 Type of Materials White Quantity Purchased 8,000 oz. 22,000 units Actual Price $5.25 $0.45 Sta ndard $5 .00 3.25 Price Variance $6,000 1,600 Unfavorable 660 Favorable Explanation Price increase Rush order Sought larger quantity Click if you would like to Show Work for this question: LINK TO TEXT Ooen Show Work