2. Frog Suits LLC manufactures and sells commercial-grade wetsuits that are a favorite of photographers. For the month of July, Frog Suits LLC anticipated making and selling 200 wetsuits. For this anticipated activity level, Frog Suits LLC included direct materials expenses of $21,600 in its planning budget for the advanced polymer material it uses to make the wetsuits. This was based on the company's standard price of $18.00 per pound for the material. Manufacturing and selling activity was higher in July that originally budgeted for. Frog Suits LLC ended up manufacturing and selling 250 wetsuits. The purchasing department reported that actual costs for the material for the month were $26,000 on 1,300 pounds purchased and used. (2a-2e: 2 points each) a. What is the standard amount of material per wetsuit (in pounds) that Frog Suits LLC used in building its July planning budget? b. What dollar amount for materials expense would Frog Suits LLC include in its flexible budget for July? c. What was the actual average number of pounds used for each wetsuit manufactured in July? d. What was the average actual price paid (stated in dollars per pound) for the material for July? e. What was the materials price variance for July? (4 points) Variance Amount Circle one: Favorable or Unfavorable f. What was the materials quantity variance for July? (4 points) Variance Amount mount Circle one: Favorable or Unfavorable