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Required information EX 10-22, 23 (Algo) Use the following information for the Exercises below. Saskatchewan 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. Actual material purchases amounted to 122,400 kilograms at $0.62 per kilogram. Actual costs incurred in the production of 36,000 units were as follows: :X 10-22 (Algo) Part 1: Use the variance formulas to compute the direct-material price and quantity ariances... equired: Use the variance formulas to compute the direct-material price and quantity variances, the direct-material purchase price variance, nd the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. lote: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i. ero variance)