2. Marks company makes one for following standards for product, which it has established the Average quantity of material per unit of product 4.5 pounds Price per pound of materials, $16 During March, Marks made 10,000 units of the product, 50,000 pounds at a total purchase using price of $825,000. Required: (a) Determine the total flexible budget materials variance and indicate whether it is favorable or unfavorable (b) Calculate the materials price variance and indicate whether it is favorable or unfavorable (c) Determine the materials usage variance and indicate whether it is favorable or unfavorable