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.) Type of Materials Brown Green Quantity Purchased lbs. 8,000 oz. ADAM CORPORATION Variance Report-Purchasing Department for Week Ended January 9, 2019 Actual Price $5.25 White 22,000 units $0.45 Standard Price $5.00 $6,000 Price Variance 3.25 1,600 Unfavorable 660 Favorable Fill in the appropriate amounts in the following Adam Corporation variance report. (Round actual and standard price to 2 decimal places, eg. 52.75.) Quantity Purchased lbs. 8,000 oz. ADAM CORPORATION Variance Report-Purchasing Department for Week Ended January 9, 2019 Actual Price $5.25 22,000 units $0.45 Standard Price Price Variance Explanation $5.00 $6,000 Price increase 3.25 1,600 Unfavorable Rush order Bought 660 Favorable larger quantity