i need help

Assignment Dynamic Industrial is a relatively young company, with an unsophisticated accounting system. Dynamic Industrial manufactures two products, X370A, and Z410B. Each of the products has multiple components and materials (identified by SKU number), but assembly is relatively quick leaving no work in process inventory at the end of the period. Invoices are only logged and approved for payment if the full quantity of the SKU has been received. 1) Using the information provided, calculate the Materials Price and Materials Quantity variance for each component/material for 2021. The beginning and ending inventory accounts for each product (units of output) are provided below: Beginning Inventory Count Ending Inventory Count Units Sold X370A 5,040 4,040 18,220 ZA10B 3,130 2,005 17,000 The company uses FIFO to value all inventory 2) Describe the procedures used to calculate the variances (not to exceed three pages). Include all steps required, along with any required notes for clarification. (Assume this will be used by someone who knows excel but not management accounting)