Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Super Canned Air Co (SCAC) produces high pressure canned air products. The company expects to pay $11.60 per kilogram for their raw materials. SCAC
Super Canned Air Co (SCAC) produces high pressure canned air products. The company expects to pay $11.60 per kilogram for their raw materials. SCAC purchased 4,015 kilograms of materials during the month of November for $13.30 per kilogram. A standard of 1.90 kilograms of material is expected to be used for each high pressure canned air product produced. Even though SCAC expected to produce 1,233 finished products, they actually produced 1,190 finished high pressure canned air products during the month of November and used 2,227.0 kilograms of raw materials. Round your final answers to the nearest whole dollar/input code O 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? $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started