yon me 03/25/22 = Homework: Chapter 8 - Homework Question 4, P8-45 (similar to) HW Score 54.03% 2.16 of 4 points Part of Points: 0 of 1 Catherine's Kettle Potato Chips produces gourmet chips distributed to chain sub shops throughout Calfomia. To ensure that their chips are of the highest quality and have taste appen. Cutherine has a rigoroun inspection proce Click the icon to view additional information) Read the requirements Requirement 1. Compute two variances that help determine whether the time spent on inspections was more or less than expected Begin by calculating the following amounts for the inspection hours (Enter your wins to one decimal place.XX) Actual Pounds Standard Pounds inspected Actual Hours Inspected Budgeted for Actual Output Budgeted For inspection Pounds per Hour Pounds per Hour . X More info For quality control purposes, Catherine has a standard based on the number of pounds of chips inspected per hour and the number of pounds that pass or fail the inspection. Catherine expects that for every 7,500 pounds of chips produced, 1,500 pounds of chips will be inspected. Inspection of 1,500 pounds of chips should take 1 hour. Catherine also expects that 6% of the chips inspected will fail the inspection. During the month of May, Catherine produced 1,837,500 pounds of chips and inspected 315,000 pounds of chips in 200 hours. Of the 315,000 pounds of chips inspected, 17,900 pounds of chips failed to pass the inspection. Print Done - Requirements rtl KE 1. sta or A Compute two variances that help determine whether the time spent on inspections was more or less than expected. (Follow a format similar to the one used for the variable overhead spending and efficiency variances, but without prices.) Compute two variances that can be used to evaluate the percentage of the chips that fails the inspection. 2. Print Done