Bellingham Company produces a product that requires $2\mathrm{.}5$ standard pounds per unit. The standard price is $$3\mathrm{.}25$ per pound. $15,100$ units used $35,700$ pounds, which were purchased at $$3\mathrm{.}45$ per pound.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.