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Super Canned Air CO (SCAC) produces high pressure canned air products. The company expects to pay $10.20 per pound for their raw materials. SCAC purchased

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Super Canned Air CO (SCAC) produces high pressure canned air products. The company expects to pay $10.20 per pound for their raw materials. SCAC purchased 3,855 pounds of materials during the month of July for $12.10 per pound. A standard of 1.80 pounds of material is expected to be used for each high pressure canned air product produced. Even though SCAC expected to produce 924 finished products, they actually produced 886 finished high pressure canned air products during the month of July and used 1,632.80 pounds of raw materials. Round your final answers to the nearest whole dollar/input code 0 a 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? $ 7325 How much is the Quantity Variance? $ 388

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