Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Super Canned Air Co (SCAC) produces high pressure canned air products. The company expects to pay $10.50 per kilogram for their raw materials. SCAC purchased

image text in transcribed
Super Canned Air Co (SCAC) produces high pressure canned air products. The company expects to pay $10.50 per kilogram for their raw materials. SCAC purchased 3,914 kilograms of materials during the month of February for $12.50 per kilogram. A standard of 2.20 kilograms of material is expected to be used for each high pressure canned air product produced. Even though SCAC expected to produce 953 finished products, they actually produced 1,021 finished high pressure canned air products during the month of February and used 2,280.20 kilograms 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? $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microfinance

Authors: Gianfranco A. Vento, Mario La Torre

4th Edition

1403997896, 9781403997890

More Books

Students also viewed these Accounting questions