help me solve this please

Katharine Juda is the owner of Grand Bikes, a company that produces high quality cross-country bicycies. Grand Bikes participates in a supply chain that consists of suppliers, manufacturers, distributors, and elite bicycle shops. For several years Grand Bikes has purchased titanium from supplers in the supply chain. Grand Bikes uses titanium for the bicycle frames because it is stronger and lighter than other metals and therefore increases the quaiity of the bicycle. Earlier this year, Grand Bikes hired Michael Monachino, a recent graduate from State University, as purchasing manager. Michael believed that he could reduce costs if he purchased titanium from an online marketplace at a lower price. (Click the icon to view the standard and actual information.) Read the requirements. Requirement 1. Compute the direct materials price and efficiency variances. Let's begin by calculating the cost for the actual input at the tudgeted prico. Requirement 1. Compute the direct materials price and efficiency variances. Let's begin by calculating the cost for the actual input at the budgeted price. Catharine Juda is the owner of Grand Bikes, a company that produces high quality cross-country bicycles, Grand Bikes participates in a supply chain Requirement 1. Compute the direct materials price and efficiency va Let's begin by calculating the cost for the actual input at the budgeter Katharine Juda is the owner of Grand Bikes, a company that produces high quality cross-country bicycles, Grand Bikes participates in a supply chain 1. Compute the direct materials price and efficiency variances. 2. What factors can explain the variances identified in requirement 1 ? Could any other variances be affected? 3. Was switching suppliers a good idea for Grand Bikes? Explain why or why not. 4. Should Michael Monachino's performance evaluation be based solely on price variances? Should the production manager's evaluation be based solely on efficiency variances? Why is it important for Katharine Juda to understand the causes of a variance before she evaluates performance? 5. Other than performance evaluation, what reasons are there for calculating variances? 6. What future problems could result from Grand Bikes' decision to buy a lower quality of titanium from the online marketplace? Katharine Juda is the owner of Grand Bikes, a company that produces high quality cross-country bicycies. Grand Bikes participates in a supply chain that consists of suppliers, manufacturers, distributors, and elite bicycle shops. For several years Grand Bikes has purchased titanium from supplers in the supply chain. Grand Bikes uses titanium for the bicycle frames because it is stronger and lighter than other metals and therefore increases the quaiity of the bicycle. Earlier this year, Grand Bikes hired Michael Monachino, a recent graduate from State University, as purchasing manager. Michael believed that he could reduce costs if he purchased titanium from an online marketplace at a lower price. (Click the icon to view the standard and actual information.) Read the requirements. Requirement 1. Compute the direct materials price and efficiency variances. Let's begin by calculating the cost for the actual input at the tudgeted prico. Requirement 1. Compute the direct materials price and efficiency variances. Let's begin by calculating the cost for the actual input at the budgeted price. Catharine Juda is the owner of Grand Bikes, a company that produces high quality cross-country bicycles, Grand Bikes participates in a supply chain Requirement 1. Compute the direct materials price and efficiency va Let's begin by calculating the cost for the actual input at the budgeter Katharine Juda is the owner of Grand Bikes, a company that produces high quality cross-country bicycles, Grand Bikes participates in a supply chain 1. Compute the direct materials price and efficiency variances. 2. What factors can explain the variances identified in requirement 1 ? Could any other variances be affected? 3. Was switching suppliers a good idea for Grand Bikes? Explain why or why not. 4. Should Michael Monachino's performance evaluation be based solely on price variances? Should the production manager's evaluation be based solely on efficiency variances? Why is it important for Katharine Juda to understand the causes of a variance before she evaluates performance? 5. Other than performance evaluation, what reasons are there for calculating variances? 6. What future problems could result from Grand Bikes' decision to buy a lower quality of titanium from the online marketplace