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Urban Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2
Urban Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, e.g. 2.75.) URBAN CORPORATION Variance Report-Purchasing Department For Week Ended January 9, 2017 Type of Materials Quantity Purchased Actual Price Standard Price Price Variance Explanation Rogue11 lbs. $5.25 $4.95 $8,670 Price increase Storm17 4,100 oz. $3.25 $615 Unfavorable Rush order $ Beast29 25,000 units $0.35 $500 Favorable Bought larger quantity $
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