4. A company budgets annual production of 30,000 units. Each unit requires two pounds of material. The estimated beginning materials inventory is 2,700 pounds and the desired ending materials inventory is 2,400 pounds. The materials are estimated to cost $4.50 per pound. a. Calculate the materials required for production (3 pts): b. Calculate the total materials to be purchased in pounds (5 pts): C. Calculate the total cost of the materials to be purchased (3 pts): 6. A company has the following actual and standard production measures dur Actual units produced Actual materials purchased and used Actual materials price Actual labor hours Actuallborrate Actual variable overhead 2,583 Ibu $ 2.00 per lb. 1.410 $ 21.40 per hour $ 7,950 6.00 lbs Standard materials per unit Standard materials price Standard labor hours per unit Standard labor rate Standard variable overhead rate $ 60 perib 3.00 $ 22,50 per hour $ 4.50 per labor hour a. Calculate the materials price variance (6 pts): b. Calculate the materials quantity variance 7 pts): c Calculate the labor rate variance (6 pts): d. Calculate the labor time variance 7 pts): e. Calculate the variable overhead controllable variance (6 pts)