For 2009, PMD Inc. had set the following standards for production of metal tables: 35 pounds of iron at a standard cost of $2.60 per pound. During June the company produced 300 tables. The company bought 10, 625 pounds of iron at a cost of $25,500. Required: c) Assume that all the iron purchased was used during June. What are the material price, quantity, and total material variences for June