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Sprocket Partners (SP) produces specialty sprocket products. The company expects to pay $11.60 per gram for their raw materials. SP purchased 3,883 grams of materials

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Sprocket Partners (SP) produces specialty sprocket products. The company expects to pay $11.60 per gram for their raw materials. SP purchased 3,883 grams of materials during the month of January for $12.80 per gram. A standard of 2.30 grams of material is expected to be used for each specialty sprocket product produced. Even though SP expected to produce 883 finished products, they actually produced 953 finished specialty sprocket products during the month of January and used 2,166.90 grams 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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