DM variances Bell Inc. manufactures a product that requires five pounds of material. The purchasing agent has an opportunity to purchase the necessary material at a vendors bankruptcy sale at $1.40 per pound rather than the standard cost of $2.10 per pound. The purchasing agent purchases 100,000 pounds of material on May 31. During the next four months, the companys production and material usage was as follows: krca09h_ch07_ex7-24.JPG a. What is the material price variance for this purchase? $ - Select your answer -FavorableUnfavorableItem 2 b. What is the material quantity variance for each month for this material? June $ - Select your answer -FavorableUnfavorableItem 4 July $ - Select your answer -FavorableUnfavorableItem 6 Aug. $ - Select your answer -FavorableUnfavorableItem 8 Sept. $ - Select your answer -FavorableUnfavorableItem 10 c. What might be the cause of the unfavorable material quantity variances? The input in the box below will not be graded, but may be reviewed and considered by your instructor.