Brinso Supply Corporation manufactures and sells cotton gauze Expected sales of gauze (in boxes) for upcoming months are as follows: June July August September October November December 38, eee 32,800 40,000 33, eee 36,000 37,000 39,000 Management likes to maintain a finished goods inventory equal to 10% of the next month's estimated sales. Required: Prepare the company's production budget for the third quarter of this year (the months of July August and September). Include a column for each month and a total column for the entire quarter. The following standards have been established for a raw material used to make product 084: Standard quantity of the material per unit of output Standard price of the material 7.1 meters $18.30 per meter The following data pertain to a recent month's operations: Actual material purchased Actual cost of material purchased Actual material used in production Actual output 3,400 meters $ 64,090 3,100 meters 500 units of product 084 The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month