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Sprocket Partners (SP) produces specialty sprocket products. The company expects to pay $10.70 per ounce for their raw materials. SP purchased 3,993 ounces of materials

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Sprocket Partners (SP) produces specialty sprocket products. The company expects to pay $10.70 per ounce for their raw materials. SP purchased 3,993 ounces of materials during the month of June for $9.20 per ounce. A standard of 2.50 ounces of material is expected to be used for each specialty sprocket product produced. Even though SP expected to produce 768 finished products, they actually produced 830 finished specialty sprocket products during the month of June and used 2,106.0 ounces of raw materials. Round your final answers to the nearest whole dollar/input code 0 - Enter a favorable variance as a positive number (no sign needed) - Enter an unfavorable variances as a negative number (minus sign in front of the digits) How much is the Price Variance? \$ How much is the Quantity Variance? $

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