Createz Company manufactures cans for packaging food and beverage items. The company uses a standard cost system and sells each can for $5. Createz Company estimates monthly production of cans. The following information is important for this company: (i) The company produced 1,350 units during the month. (ii) A total of 3,800 pounds of materials were purchased at a cost of $16,500. (iii) Standard Material usage is lb of material at a cost per pound is $5. Per pound. Required: Calculate the following variances for Createz Company. a. Materials Price Variance b. Materials Quantity Variance c. Total Material Variance (4 Marks each)