Super Canned Air Co (SCAC) produces high pressure canned air products. The company expects to pay $8.50 per ounce for their raw materials. SCAC purchased 4,148 ounces of materials during the month of September for $6.90 per ounce. A standard of 2.30 ounces of material is expected to be used for each high pressure canned air product produced. Even though SCAC expected to produce 946 finished products, they actually produced 985 finished high pressure canned air products during the month of September and used 2,291.50 ounces 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? $
Super Canned Air Co (SCAC) produces high pressure canned air products. The company expects to pay $8.50 per ounce for their raw materials. SCAC purchased 4,148 ounces of materials during the month of September for $6.90 per ounce. A standard of 2.30 ounces of material is expected to be used for each high pressure canned air product produced. Even though SCAC expected to produce 946 finished products, they actually produced 985 finished high pressure canned air products during the month of September and used 2,291.50 ounces 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? $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Super Canned Air Co (SCAC) produces high pressure
canned air products. The company expects to pay
$8.50 per ounce for their raw materials. SCAC
purchased 4,148 ounces of materials during the
month of September for $6.90 per ounce. A standard
of 2.30 ounces of material is expected to be used for
each high pressure canned air product produced. Even
though SCAC expected to produce 946 finished
products, they actually produced 985 finished high
pressure canned air products during the month of
September and used 2,291.50 ounces 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? $
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