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askatewan Can Company manufactures recyclable softdrink cans. A unit of production is a case of12...

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Accounting

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askatewan Can Company manufactures recyclable softdrink cans. A unit of production is a case of12 dozen cans. The following tandards have been set by the productionengineering staff and the controller. Direct Labor: Direct Material: Quantity, 0.27 hour Quantity, 6 kilograms Rate, $13.50 per hour Price, $0.64 per kilogram Ctual material purchases amounted to 290,400 kilograms at $0.660 per kilogram. Actual costs incurred in the production of 44,000 nits were as follows: Direct labor: $169,400 for 12,320 hours Direct material: $178,596 for 270,600 kilograms equired: . Use the variance formulas to compute the directmaterial price and quantity variances, the directmaterial purchase price variance, nd the directlabor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of ach variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).) Directmaterial price variance Direct-material quantity variance Direct-material purchase price variance Direct-labor rate variance Directlabor efciency variance

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