Requlred 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 290.400 kilograms at $0.66 per kilogram. Actual costs incurred in the production of 44,000 units were as follows: EX 10-22 (Algo) Part 1: Use the varlance formulas to compute the direct-materlal price and quantity varlances... Requlred: 1. Use the variance formulas to compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. Note: Indleate the effect of each varlance by selecting "Fovorable" or "Unfavorable". Select "None" ond enter "O" for no effect (l.e., zero varlance)