Consider the following set of circumstances for a business: Materials SQ SP AQ SPAQ AP SP AQ $1,500,000 $1,450,000 $1,375,000 MPV = Unfavorable $150,000 MQV = Favorable $50,000 Labour SQ SR AQ SR AQ AR $2,650,000 $2,825,000 $3,100,000 LRV = Unfavorable $275,000 LEV = Unfavorable $175,000 On investigation, it has been determined that the purchasing department employee bought higher quality materials than the specifications call for, but did not confirm the purchase with anyone nor notify anyone of the higher quality. All of the variances above resulted from this one purchasing decision. For full credit: 1) Determine what you would do regarding the actions taken by the purchasing department, should the person be terminated, pay for the losses, etc. Be creative. 2) Respond to one other student's post as to what you imagine might be the repercussions of the action they suggest be taken. Just saying something is good, bad, or the like is insufficient. You must provide support for all assertions and valuations made