Variance analysis JackJoe, Inc. standard costing provided below. During 20x1, JackJoe Inc. used 410,000 of raw materials to produce 200,000 units of finished goods. Create a two way variance analysis (5 points) and compute 1. Price variance favorable or unfavorable (5 points) 2. Quantity variance favorable or unfavorable (5 points) 3. Actual price per unit (5 points) Assumptions year X1 Units sold 200,000 Raw material units per unit sold (standard) 2 Budgeted raw material cost per unit $1.05 Total Raw material cost variance - Favorable $10,000