2. LynLyn Calendar Co. manufactures calendars that depict Philippine landscapes and tourists' spots. The company uses a standard cost system to control its costs. During January, the direct materials used and the quantities of paper used showed the following: Actual purchase price PO.175 per page Standard quantity allowed for production 170,000 pages Actual quantity purchased during the month 200,000 pages Actual quantity used during the month 185,000 pages Standard price per page PO.17 per page Required: Compute the following: a. Total cost of purchases for the month b. Materials price variance C. Materials quantity variance d. Total materials variance (Adapted from Fundamentals of Cost Accounting 16h Edition by Edward J. Vanderbeck)