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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 412,800 kilograms at $0.70 per kilogram. Actual costs incurred in the production of 48,000 units were as follows: Ex 10-22 (Algo) Part 1: Use the variance formulas to compute the direct-material price and quantity variances