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Dow Chemical Company makes Product XYZ and shares the standard inputs for the materials that make up Product XYZZ: - 4.5lbs - Standard quantity per

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Dow Chemical Company makes Product XYZ and shares the standard inputs for the materials that make up Product XYZZ: - 4.5lbs - Standard quantity per unit - \$16 - Standard price per pound Dow Chemical Company produped 10,000 units of Product XYZ. which took 50,000 pounds of material costing 5825,000 . Show your calculations for credit and calculate the following: a. Total materials variance and indicate whether A is favorable or unfavorable. b. Materials price variance and indicate whother it is favorable or untavorable. c. Materials usage variance and indicate whether it is firvorable or untovorablo d. Provide a brief explarution for the variances you ve calculated include what the vaniance means and a possible cause of the variance

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