EX $10-22,23($Algo$)$ Use the following information for the Exercises below.

Saskatchewan Can Company manufactures recyclable soft$-$drink cans. A unit of production is a case of $12$ dozen cans. The

following standards have been set by the production$-$engineering staff and the controller.Rate, $$14\mathrm{.}00$ per hour Puantity, $7$ kilogramsActual material purchases amounted to $340,400$ kilograms at $$0\mathrm{.}69$ per kilogram. Actual costs incurred in the production

of $46,000$ units were as follows:

Direct labor: $$197,340$ for $13,800$ hours

Direct material: $,$$$225,354$ for $326,600$ kilograms

EX $10-22($Algo$)$ Part $1$: Use the variance formulas to compute the direct$-$material price and quantity

variances...

Required:

Use the variance formulas to compute the direct$-$material price and quantity variances, the direct$-$material purchase price variance,

and the direct$-$labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.

Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter $"$O$"$ for no effect $($i$.$e$.,$

zero variance$).$